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<br> The difference between life insurance and health insurance is very significant. Life insurance is an important financial planning tool to help families prepare for possible life events, such as death. Life insurance is also referred to as an insurance policy and is a contract between you and the insurer. This contract states that in the event of your death, the company will pay a specific amount of money to the appropriate beneficiary.<br><br> <br><br><br><br> <br><br>Health insurance on the other hand is primarily used to reduce or manage expenses in case of illness or injury. Health insurance does not compensate for a loss of income, though it does pay benefits to the insured. It is also useful in maintaining a certain level of financial security, as well as help families pay for medical care. https://insureinfoq.com/2021/12/13/how-to-get-cheap-car-insurance-in-yeadon-pa/ <br><br>