How Does Health Insurance Differ From Other Kinds Of Insurance? 
The purpose of any kind of insurance is to protect yourself from a catastrophic financial event by pooling the risk and shifting it to a third party -LRB- the insurance company -RRB- in exchange for a small monthly premium . In the case of health insurance , that financial event would be due to an illness or injury . Other types of insurance protect against other types of events . For example , life insurance is designed to protect your family in the event you died unexpectedly or future planning -LRB- e.g. estate planning -RRB- . Disability insurance is designed to protect your ability to work - if you ca n't work , how would you provide income ? It 's always recommended to consult with an experienced insurance broker when getting your insurance portfolio established because there 's so many moving parts . Please feel free to contact me for assistance . Thanks very much . 