Life/Term insurance can be used for many purposes like…
- An unexpected death of yours will be the biggest loss to your family and your physical absence can still yield them money.
- Leave your family with enough money to pay off debts such as a mortgage
- Ensure your children are left with money to help pay for education.
- Provide temporary life insurance coverage if you are in between jobs.
Without health insurance, a single serious illness could use up all your money that you have set aside for your retirement, children’s education, or dream home. With health insurance, seeing the doctor may be more affordable because you can take advantage of the savings that your health insurance company has negotiated and the coverage available with your health insurance plan.