Insights into Life Insurance and Critical Illness Insurance: Protecting Your Future and Financial Well-being
Life insurance and critical illness insurance are both types of insurance coverage designed to provide financial protection in different circumstances. Here's a brief overview of each: Life Insurance: Life insurance is a policy that provides a death benefit to beneficiaries upon the death of the insured individual. It is meant to provide financial support to the loved ones left behind after the policyholder's passing. Life insurance can help cover expenses such as funeral costs, outstanding debts, mortgage payments, education expenses, and provide ongoing financial security for dependents. There are different types of life insurance, including term life insurance, whole life insurance, and universal life insurance, each with its own features and benefits. Critical Illness Insurance: Critical illness insurance is a type of coverage that provides a lump sum payment upon the diagnosis of a covered critical illness. These illnesses typically include major health conditions like ca...