Life & Health Insurance in La Habra, CA

Knowing what types of insurance you need at each stage of your life can be overwhelming. Many people incorrectly assume that health and life insurance are only necessary once they reach a certain age, but the truth is that most people can benefit from these types of policies.

What Is Life Insurance?

Life insurance is a contract between an insurance provider and a policyholder. Generally, the policyholder pays insurance premiums during their lifetime, and after they pass away during the policy period, their insurer pays a sum of money to their named beneficiaries.

What Is Health Insurance?

Health insurance can help pay for medical expenses, such as doctor visits, hospitalization and prescription medications. Generally, it helps individuals and families pay for health care services and may protect them from high health care costs in the event of an illness or injury.

What’s the Difference Between Life and Health Insurance?

Life insurance and health insurance are two completely different types of coverage. The purpose of life insurance is to help provide a financial safety net to loved ones after the policyholder’s passing through a death benefit. A death benefit can be used for funeral and burial costs, debts, medical expenses, federal and state death taxes, charitable contributions and the daily expenses of dependents.

Health insurance, on the other hand, can help you cover the costs of medical care if you get sick or injured. Health insurance may also enable you to access health care services, including preventive care and treatment for illnesses and injuries, without worrying about the cost. This can help you stay healthy and manage any health conditions.

In short, life insurance provides financial security for your dependents when you pass away, and health insurance helps provide financial security while you are alive.

Why Are Life and Health Insurance Important?

Both types of policies are important because health and life insurance can provide you and your loved ones with financial stability and peace of mind. Contact DRD Insurance Agency today to receive a quote and learn more.