Naturally, the amount of coverage needed would increase with the number of dependants you have. Think about what would happen if they were left with an unpaid mortgage, education fees and their daily expenses, if you were no longer able to provide for them. Lifestyle As your income level rises, you should increase the amount of coverage you have to match your higher net worth and more expensive lifestyle. This will protect you and your loved ones against any potential (and uncomfortable) downgrading of lifestyle, in the event that you're not able to provide for them. I'm a housewife so I don't need life insurance since nobody is depending on me for income. This is a misconception. A stay-at-home mum has many responsibilities such as taking care of the household and children. If she's no longer able to carry out those functions due to illness, death or disability, the family will have to seek alternatives, such as engaging a domestic helper or paying for daycare and tuition services. These will require funds that, with proper planning, payouts from insurance plans can help with.
Traditionally, medical insurance providing policies known as mediclaim policies covered hospitalisation expenses. However, a health insurance policy needs to do more and cover other expenses related to hospital stay and onset of critical illness. Here are some additional benefits that a good health insurance plan typically provides. Benefits of health insurance plans If you want to protect your family and its finances from costs related to health emergencies, you need to health insurance and ensure adequate coverage from a health insurance plan. We are aware of how important health insurance is in protecting a family's finances in the event of a medical emergency. But how does one buy a health insurance plan? Here are some tips to buy medical insurance with the help of a health insurance plan. Get adequate coverage There is little logic on scrimping on premiums while buying mediclaim policies. The focus has to be on getting the maximum coverage required by your family at affordable premiums.
David Woods, head of the Life and Health Insurance Foundation for Education and new chief executive officer of the National Association of Insurance and Financial Advisors, said the industry's distribution system "is in great peril. " Insurance agents are far fewer in number, their average age is much older than it was 20 years ago, and the agent farm system doesn't work. For more information on long-term insurance, visit the Life and Health Insurance Foundation for Education online at or the Health Insurance Association of America at.
Home › 4 Letters › LIFE › Life and Health Insurance Foundation for Education What does LIFE mean? LIFE stands for Life and Health Insurance Foundation for Education. If you are visiting our non-English version and want to see the English version of Life and Health Insurance Foundation for Education, please scroll down to the bottom and you will see the meaning of Life and Health Insurance Foundation for Education in English language. Keep in mind that the abbreviation of LIFE is widely used in industries like banking, computing, educational, finance, governmental, and health. In addition to LIFE, Life and Health Insurance Foundation for Education may be short for other acronyms. LIFE = Life and Health Insurance Foundation for Education Looking for general definition of LIFE? The LIFE means Life and Health Insurance Foundation for Education. We are proud to list acronym of LIFE in the largest database of abbreviations and acronyms. The following image shows one of the definitions of LIFE in English: Life and Health Insurance Foundation for Education.
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