Home  >  Financial Literacy  >  Personal Finance: Life and Health Insurance

If you can afford health insurance but don't have it, you may have to pay a fee or penalty.

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What Is the Difference Between Life and Health Insurance? 
Health insurance pays for your medical treatment, drugs, and preventative check-ups for you and others covered under your plan.

Life insurance provides a cash sum to your loved ones if you die during the length of the Life insurance policy.


If you can afford health insurance but don't have it, you may have to pay a fee or penalty.






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