06/11/2024
Life Insurance coverage is a death benefit. It ensures the replacement of income given to the beneficiary incase policy owner passes away.
Longterm Healthcare is a Living benefit - it's a savings fund for future (old age) health expenses of the plan holder.
Retirement fund is a living benefit and savings fund with a purpose to provide means to continue doing and living what we want to do and how we want to live during old age.
Critical illness benefit is a life insurance product. It's not a savings fund, but rather a coverage in case we get diagnosed of any critical illnesses indicated on the (insurance policy) list. If we dont get diagnosed, no coverage is given.
Short-term Healthcare is the benefit that often comes with traditional hospitalization and access to basic medical procedures. It is not a savings fund. We pay a premium to get coveraged - no premium payment, no coverage.
Senior Care is a special healthcare benefit for ages 61 to 100. It's a reimbursement and participating type of program. It is not a savings fund. It is renewable yearly. No renewal, no continues coverage.
These are some important information that we learn, we teach, we share if we take Financial Education as a top priority, mission, cause and advocacy.🙏
More learnings once we join the classes and be part of the community.📖
Bring your families and friends - if you believe their future is important to you too. 🏃😉👍
