By Kermit Chandler
American health and life insurance is always a subject of discussion in the public circles. With America being the only developed country that does not offer its citizens universal healthcare cover, it is little wonder that the insurance subject is always on the lips of Americans. But what exactly is the difference between life and health insurance? More so, why do the developed countries in Europe and Asia offer universal health cover and not life insurance cover? Well, to start with, health insurance cover is issued by insurance firms to willing clients (who pay premiums for the services) with an agreement that the firm will settle healthcare bills for the client should he or she fall sick. Life insurance on the other hand is a cover issued to willing clients based on an agreement that on the client's death, the insurance firm will provide a named beneficiary with money stated in the policy agreement.
People who purchase American health and life insurance do so for similar reasons. Pointedly, those who purchase health insurance do so as a way of obtaining a buffer against high medical bills should they fall sick. With healthcare costs being among the highest in the developed world, many Americans fear the prospects of settling such bills straight from their pockets. Those who purchase life insurance on the other hand do so in order to shield their beneficiaries from the financial hardships that may crop up once they die. Most people who purchase life insurance have dependents who benefit from the income give by the insurance on the person's death.
Myriads of companies offer American health and life insurance across the different states in the country. Consumers are however advised to always check the credentials of the insurance firms before purchasing policy covers to avoid losing money to fraudulent providers. More importantly, consumers are advised to check for hidden charges or conditions when purchasing either the life or health insurance. Consumers can also compare the different services and prices offered by competing insurance providers by visiting specific websites, thus allowing them (consumers) to make informed choices.
The different service providers of American health and life insurance and their marketing gimmicks should not make consumers lose focus of the fact that purchasing insurance policy is meant to safeguard the buyer's future. Considering that, most insurance agents market their products without revealing all the details to the consumer; buyers have the overall responsibility to read the policy statement in detail before accepting to purchase it. Consumers should remember the insurance is a business like any other. It is little wonder therefore that some service providers are more interested in making money rather than safeguarding the consumer's dignity and security as should be the case.
Article Source: http://EzineArticles.com/?expert=Kermit_Chandler People who purchase American health and life insurance do so for similar reasons. Pointedly, those who purchase health insurance do so as a way of obtaining a buffer against high medical bills should they fall sick. With healthcare costs being among the highest in the developed world, many Americans fear the prospects of settling such bills straight from their pockets. Those who purchase life insurance on the other hand do so in order to shield their beneficiaries from the financial hardships that may crop up once they die. Most people who purchase life insurance have dependents who benefit from the income give by the insurance on the person's death.
Myriads of companies offer American health and life insurance across the different states in the country. Consumers are however advised to always check the credentials of the insurance firms before purchasing policy covers to avoid losing money to fraudulent providers. More importantly, consumers are advised to check for hidden charges or conditions when purchasing either the life or health insurance. Consumers can also compare the different services and prices offered by competing insurance providers by visiting specific websites, thus allowing them (consumers) to make informed choices.
The different service providers of American health and life insurance and their marketing gimmicks should not make consumers lose focus of the fact that purchasing insurance policy is meant to safeguard the buyer's future. Considering that, most insurance agents market their products without revealing all the details to the consumer; buyers have the overall responsibility to read the policy statement in detail before accepting to purchase it. Consumers should remember the insurance is a business like any other. It is little wonder therefore that some service providers are more interested in making money rather than safeguarding the consumer's dignity and security as should be the case.
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