Health insurance benefits are payments made by your insurer.
Insurance benefits are the payments your insurance provider guarantees to make after covered services under an insurance policy. They are the functional product you receive in exchange for payment of your insurance premiums.
Insurance Policy
Your insurance policy binder outlines your insurance benefits. This includes an overview of types of coverage and that amounts that will be paid under the terms of your insurance product.
Types of Insurance
Common types of insurances include home, auto, health, dental and life. You can also buy many niche insurances, including travel, renter's, boat and valuables insurance. Benefits of each product are outlined in your policy including covered events and levels of protection.
Emotional Benefits
Along with the functional benefits paid out on covered events, peace of mind is an important emotional benefit that comes with insurance. Insurance is a rare product for protection, yet hope to rarely use.
Tags: benefits payments, covered events, insurance benefits, your insurance, your insurance
