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General insurance is generally a term for insurance that doesn’t involve your life. This can be a practical option for you who prefer a risk-free life. This insurance is associated with everything you have and value in life. This is vehicles, business, and home can be a few of those “everything” types. It also includes medical expenses. In this article, we will show you anything you need to know about this insurance type and the reasons why you need to have it as an individual. General insurance in a nutshell Everything you insure, other than your life, is called general insurance. Buying insurance for your property against burglary or fire, insuring you as a person to take care of your medical expenses, and insuring yourself to take care of legal liabilities are part of this type of insurance. The main reason why you need this insurance is to protect your assets and belongings against financial loss. Insurance to cover liability costs is also required so you can pay the responsibili

Talking about insurance coverage, critical illnesses insurance is one of those plans you need to know. As its name suggests, this is a health plan insurance designed for severe illness. When you need to pay for your medical care expenses due to several illnesses, this coverage will be billed. This insurance is supplemental and can be purchased along with your primary health insurance. Still, some restrictions are applied. Make sure you ask your insurance company before applying for critical illness care insurance. How it works Critical illness insurance requires you to pay a monthly premium, just like many types of insurance on the market. The policies offer insurance coverage from USD 5,000 up to USD 500,000. The premiums you must pay depend on the coverage amount you’ve purchased. Also, it depends on several aspects such as your age, general health, how many illnesses covered by the policy, and many more. You need to check with the insurance company. Some plans even require a thoro

Since there are so many types of insurance policy, here we will show you the difference between term life and whole life insurance plan. Life insurance , on the other hand, is one of those main insurance coverages offered by insurance companies. Some people consider that this type of insurance is a necessity yet a must-have possession. On the other hand, other people choose to not apply for the plan. The core difference between term life and whole life insurance In a nutshell, both term life and whole life insurance are the same. They even have the same “mother” in this insurance world. Both policies also allow you to leave money for loved ones after you pass away. Specifically, term life and whole life insurance policies have a difference. Whole life insurance costs a little more but comes with a higher cash value. It will stay in force as long as you pay the premium. On the other hand, term life insurance is a temporary policy. It costs lower than the whole life insurance and yet i

Primary insurance and secondary insurance are one of those things that you can have for more than one. When two health plans cover you over, one plan is considered primary and the other is supplementary or secondary. In this article, we will show you things to know about these insurance types. The difference The primary one is an insurance plan that covers an individual as a member, subscriber, or employee. This insurance will be billed first when you sign up for health care. If your workplace grants health insurance to you, this is your primary insurance then. On the other hand, secondary insurance is an insurance plan that complements your primary. In case your primary is exhausted and needs some help to cover the bill, the secondary insurance will do that. Terms and conditions are applied, however. Not all individuals are eligible for secondary insurance Other than the life insurance plan, most people have a primary health insurance plan. However, not all people have a second

Despite the importance of insurance, choosing the life insurance quote for the first time is somewhat confusing. There are specific terms to understand first before making a decision. It is possible to fall into a deep hole of insurance mistakes when choosing it out of a clear understanding of all things related to it. So, try to understand all of the things about insurance first before picking a quote or policy in the end. One of the things to understand before choosing a service or scheme of life insurance is the time coverage of the insurance itself. In general, there are two options to consider that include term insurance and lifetime insurance. The so-caller term insurance will only cover a specific period in life. For example, insurance is set to cover the time until the kids graduated from university. Thus the money from the insurance will ensure that the kids could pay for the college when something happened to the parents. Another one is the lifetime insurance which will co