31. Life insurance application - Create an adequate health fund

 

Let's say you have already set aside 500,000 as your family health fund, considering the exorbitant costs of medical treatment today, this may only be sufficient for minor and non-critical illnesses

you can use a life insurance health policy to augment your family's coverage by covering them against critical (and very expensive to treat) illnesses

so for minor illnesses, your family health fund can cover it

pass along to a life insurance company the cost for critical illnesses by getting health insurance coverages