| Buying life and health insurance products is something | | | | able to select a level of quality health care to suit your |
| that many of us keep putting off for as long as we | | | | needs rather than relying on treatment through the |
| possibly can. We know that we should buy into these | | | | NHS. |
| insurance policies but we tend to shelf the idea, | | | | Cover provided by a life and health insurance policy |
| preferring to live for today rather than plan for | | | | The cover provided by a life and health insurance |
| tomorrow. Rather like an ostrich sticking its head in the | | | | policy is quite comprehensive. On the life insurance side |
| sand, a lot of us it seems choose to take our chances | | | | of the policy you will be able to choose between a |
| in the hope that our circumstances will never merit the | | | | term life insurance product and a reducing or |
| use of life or health insurance. But it can be an awfully | | | | decreasing life insurance product. |
| big gamble to take. | | | | Term life insurance via the policy pays out a fixed |
| Advantages of a life and health insurance policy | | | | lump sum upon the death of the policyholder, providing |
| As we get older we often become more susceptible | | | | the insurance policy is still active. A reducing term life |
| to health problems, disability and poor mobility; | | | | insurance policy is a type of insurance where the |
| eventually of course we will all die. Both situations are | | | | amount paid out upon death reduces to zero in line |
| naturally very distressing for family and dependants. | | | | with the policyholder's mortgage balance, and is |
| However, the situation can be made worse if the ill / | | | | suitable only as a financial instrument with which to pay |
| deceased was the main income producer and there | | | | off the mortgage in the event of an early death. If you |
| are still bills to pay. The last thing anybody wants in this | | | | want to leave your loved ones in complete financial |
| situation is to have the bailiffs knocking at the door, or | | | | security then a term life option on the policy is |
| your home repossessed because you cannot keep up | | | | recommended. |
| your mortgage repayments. | | | | The health insurance part of the mega insurance policy |
| A life and health insurance policy combines cover for | | | | provides comprehensive health care. It will cover you |
| the likely and the inevitable. By opting to take out a life | | | | for all diagnosis, treatment and recovery costs |
| and health insurance policy you and your family will | | | | associated with the illnesses, disability and diseases |
| have peace of mind that should you become critically ill | | | | noted on the mega policy. Health insurance also means |
| or die during the term of the policy, your family and | | | | that you do not have to wait for treatment on the |
| dependants will be financially secure. There will be no | | | | NHS. Instead, you will be able to select when and |
| worries about bailiffs or repossession orders and | | | | where you want to receive treatment, so tailoring it to |
| through the health insurance side of the policy you'll be | | | | your own convenience. |