Know Your Terms (Part 1)
Availing of a decent life insurance policy is tricky business. One thing you must do then is to familiarize yourself with some terms you may encounter along the way. Here are some of them:
Premium: this amount you pay your insurance company each month for continued health coverage
Co-payment: this is a particular amount you pay whenever you avail of a medical service, sort of like your share of the whole service cost, before the insurance company actually pays for it
Exclusions: these are the medical events which your insurance company will not pay for, and which your policy will not cover. The cost of availing these uncovered services will have to be paid for entirely by you