What is the difference between life insurance and health insurance?

Life insurance and health insurance are two different types of insurance coverage. Life insurance is a policy that helps provide financial protection to your family in the event of your death. The policy pays out a set amount of money that can be used to help cover expenses such as your funeral costs, the cost of living and possibly college tuition. Your beneficiaries are typically the ones who receive the payout from the policy. Health insurance is an insurance plan that helps cover the costs of medical services, such as visits to the doctor, hospital stays and treatments. Health insurance can help you with expenses that are not covered by your regular medical insurance, such as the cost of prescriptions and medical equipment. It can also offer additional coverage in the event of an accident or illness. In summation, life insurance is designed to provide financial protection to your family upon your death, while health insurance is meant to help cover the cost of medical services in the event of illness or injury.

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What is the difference between life insurance and health insurance?

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