Buying Insurance for Yourself

Getting insurance for yourself could involve buying health insurance of lire insurance. At least it does if when you use the phrase you mean that you are looking for something that covers your person. Although they both cover an individual, life insurance and health insurance serve two radically different purposes.

The primary reasons for carrying health insurance are selfish in nature, although this is not a bad thing, especially if you are a mother or father who wants to maintain good health for the sake of your family. When buying this type of policy, the purchaser wants to reduce how much he pays out of his own pocket for going to the doctor and prescribing prescription medications. Most companies will make a person go through a physical examination to determine an applicant’s state of health before they decide to offer health insurance.;

Life insurance, despite its name, is bought for other people. A person can buy this type of policy either to make sure that the cost of his funeral is paid for, if he has no dependents, or to make sure that the people who outlive him are covered for in the event of his death. The motives for buying life insurance are altruistic and unselfish usually. Just remember to be suspicious of someone else wanting to take out a life insurance policy that covers you for a large sum of money.

In both case, you are getting insurance that covers your own body. The motives for each type differed slightly, and of the two, life insurance is slightly less expensive. People who wait to buy life insurance may find that it costs them more money than it would have cost them if they had not waited.