e, and homeowners.
             A health, or medical policy, has 3 different phases of payment. The first phase is the deductible, which is what you pay. The more you pay for your premium every month the lower your deductible. A premium is the monthly payment to the insurance company for a particular policy. The next phase is the co-insurance, which lasts from the deductible's ending amount to the stop loss amount, which is usually around $5000. In the co-insurance phase the insurance company pays a certain percentage of the medical bill, and the person making the claim pays the rest. An example would be where the insurance provider pays 80% and the person who is hurt pays 20%. After the stop loss amount the insurance company pays for everything, up to the lifetime maximum which is generally around $1,000,000 to $2,000,000.
             The next type of insurance is disability, and it pays in the event that whoever is part of the plan can't work due to injory or sickness. Depending on how much is paid per month, there are very lengths of waiting periods between when the injury occurs and the insurance company begins sending checks. Common periods are 3 and 6 months, but can
             ...