Life insurance pays when the insured person dies. This makes it different from other types of insurance that pay while the insured person is still alive.
>Health insurance and Medicare insurance pay for preventative, diagnostic, and therapeutic medical care for the insured persons.
>Disability pays insured persons a substantial percent of their income if they become disabled.
>Long term care insurance pays for the services needed by the insured persons when they are unable to care for themselves.
Persons insured by life insurance do not partake of the benefits of their own policies unless they borrow from the cash value in their policies, spend their dividends, or surrender their policies for the cash value in them. Life insurance is mainly to alleviate financial hardship for those affected by the death of the Insured.
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>Health insurance and Medicare insurance pay for preventative, diagnostic, and therapeutic medical care for the insured persons.
>Disability pays insured persons a substantial percent of their income if they become disabled.
>Long term care insurance pays for the services needed by the insured persons when they are unable to care for themselves.
Persons insured by life insurance do not partake of the benefits of their own policies unless they borrow from the cash value in their policies, spend their dividends, or surrender their policies for the cash value in them. Life insurance is mainly to alleviate financial hardship for those affected by the death of the Insured.