Health Insurance or Life Insurance? Asa mu pabor?

[rjraymund]

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Hello po...

Ask lang ko ninyu... Kung kamu ang papilion between Health Insurance or Life Insurance for the protection sa investment ninyu asa mu?? galisod man gud kog decide... Please support your answer PO... Salamat po...

[makie29]

Both serve a different purpose:

Health insurance - To protect you from spending so much in case you get sick. Basically, it will compensate your lost income while being sick.

Life insurance - To protect your loved ones in case you lose your income generating capacity. Normally, it will provide income for your loved ones or beneficiaries in case of your death or if during disability (permanent).

If you're single and nobody is depending on you financially, get only a health insurance.
If you're married, get both.

[zippi]

Both serve a different purpose:

Health insurance - To protect you from spending so much in case you get sick. Basically, it will compensate your lost income while being sick.

Life insurance - To protect your loved ones in case you lose your income generating capacity. Normally, it will provide income for your loved ones or beneficiaries in case of your death or if during disability (permanent).

If you're single and nobody is depending on you financially, get only a health insurance.
If you're married, get both.

very detailed & well-explained. kudos makie29!

rjraymund, pm sent.

[gerrynelmida]

Life insurance

[rey04]

health insurance is for health maintenance organization. More on inpatient and outpatient health services. Life insurance is more on protection in case of death/disability. Its non comparable as both has different use in life.

[cool_romar]

Both are actually 2 of the 5 priority needs in life.

I say, get both if you can. Life insurance answers income protection. In the event you'll be taken out of the picture, the proceed coming from the insurance company could replace the income lost of your beneficiaries for quite a time (ergo, it is also imperative for us to choose the appropriate face amount). There's a redefinition in life insurance though, most are already leaning towards variability with your premiums exposed to pooled investmeng funds thereby giving you better sense of living benefit on top of its usual death's.

Health insurance, likewise is important. Should you are building wealth, I guess we all are, it protects your asset from sudden liquidation just to pay for medical emergencies.

Should you'll ask me what to get first, get health insurance cause it's more of a personal living benefit then life insurance follows.

For a more thorough assessment and financial needs analysis, I could endorse you to one of my specialist.

Just pm me for my contact details. Thanks.