Apart from having insurance policies for your medical or critical illness coverage, you may also want to evaluate and understand your health situation to prepare yourself.
Term Life insurance is a common, costeffective policy due to its comparatively low premium, depending on the age of the insured person. Clients are covered as long as they pay the premium. Clients’ beneficiaries receive benefits upon the death of the insured.
An Endowment Plan is a life insurance policy that combines savings and a death benefit. Part of the premium a client has paid forms a cash reserve. If a client surrenders the policy, they can get the cash reserve back. If the insured person dies, the beneficiaries receive the death benefit.
Understanding and assessing your level of cancer risk and that of your partner and your families can help you to manage health conditions better and plan for your family’s future both financially and medically. Not only can detecting cancer at an early stage be a life saver.