- Date : 27/05/2021
- Read: 10 mins
The Covid-19 pandemic has highlighted the critical need for health insurance across all age groups. Not having the right health insurance can deplete you of your life savings very quickly. This in-depth article throws light on the imperative need for health insurance, especially if you are on the other side of 40. It guides you to conduct your research basis key aspects, tells you the approximate coverage you need with examples, and helps pick a policy that provides the best possible coverage to you and your loved ones.
Many people start taking financial planning seriously only in their 40s. However, this is also a time when you start noticing signs of ailments. Chronic conditions may require you to undergo treatment and hospitalisation frequently. By the time you hit your 40s, half of your working life is over – but it’s also a time when your financial obligations are at a peak.
Consequently, this is a period when you need to meet your growing family needs and opt for loans. It becomes imperative to plan your retirement and review your financial investments after considering inflation. Depending on what is included in your portfolio, you need to start rolling the dice a lot more carefully. Not having appropriate health insurance is surely going to burn a hole in your pocket.
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