Life and Health Insurance in Las Vegas, NV
Injuries, illnesses and other conditions affecting your health can have significant financial ramifications. Whether you or a loved one require one-time treatment, ongoing care or a condition eventually proves fatal, having appropriate insurance can help to alleviate financial stress and allow you to focus on recovering or grieving. With this in mind, life and health insurance are essential.
What Is the Difference Between Life and Health Insurance?
Although life and health policies can both provide critical financial assistance during difficult times, these types of coverage have distinct differences. In many cases, acquiring and maintaining both is advisable.
Life insurance is a type of coverage focused on providing financial assistance for beneficiaries following the death of an insured. Meanwhile, health insurance covers various medical expenses to help you and other insureds maintain your health and wellness.
What Do Life and Health Insurance Policies Cover?
Although the exact details of life and health policies may vary, they can often provide multifaceted coverage for various expenses.
In the case of life insurance, policies may provide funds for the following:
- Funeral costs
- Outstanding debts
- Estate taxes
- Income replacement
- Administrative expenses
Health insurance may include coverage for the following medical services:
- Preventive care (e.g., checkups and vaccinations)
- Emergency services
- Prescription medications
- Hospitalization
- Ambulatory services
- Pregnancy, maternity and newborn care
- Pediatric services
- Mental health and substance use disorder services
- Rehabilitative and habilitative services and devices
- Laboratory services
What Factors Influence Life and Health Insurance Rates?
Like many types of insurance, the cost of adequate life and health coverage may vary significantly depending on your unique circumstances.
In the case of life policies, the following factors may influence your rates:
- Age
- Sex
- Health details (e.g., weight, tobacco use status and medical history)
- Family medical history
- Lifestyle details (e.g., dangerous hobbies or professions)
- Driving record
- Policy details (e.g., type and coverage limits)
Meanwhile, health insurance premiums may be determined by the following criteria:
- Type of plan
- How you acquire coverage (e.g., group health plans, private health insurance or Medicare)
- Age
- Location
- Tobacco use status
- Policy details (e.g., coverage limits, copays and deductibles)
We’re Here to Help
The dedicated staff at Insurance Tigers LLC has the knowledge and experience to help you understand your options and acquire optimal life and health plans. We will work with you to assess your health and life coverage needs and help you get optimal life and health insurance quotes. Contact us today to get started.