Life and Health Insurance are important financial tools to have in place for the future. They provide a safety net for you and your loved ones during an unexpected situation. However, you must also remember that both Life and Health Insurance are distinct elements of your portfolio covering different types of risks.
Annuities
Theyโre long-term contracts from an insurance company where you invest your money. In return for your investment, you get income in the form of regular payments.
The term disability income (DI) insurance refers to an insurance policy that provides income to individuals who can no longer work because of a disability.
Vision insurance is not typically not included in your health insurance plan and can include benefits such as preventive eye exams and ophthalmologist visits, prescription eyewear, and contact lenses.
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It might be time to switch insurers whenever the service that your existing insurer provides doesnโt meet your needs. For example, if you have a poor claims experience or an unexplained rate increase, it might be time to consider other options
If you cancel a previous policy before a new policy is effective, you could run into some serious financial problems.
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