Hearing loss is a medical issue that millions of people around the world suffer from each year. Hearing loss or hearing disability caused due to any reason can adversely affect your life and lifestyle. An accidental hearing disability at an early age could lead to a loss of livelihood or source of income and you and your family may be left without a financial safety net. One possible solution you may consider to ensure your family’s safety in the future is buying term life insurance.
What is Term Insurance and why should you plan to get one?
Term Insurance is an affordable insurance plan that provides financial protection to a policyholder’s family in the event of the sudden demise of the policyholders. Term Insurance is a formal agreement between the insurer and the insured that guarantees a predetermined amount to go to the nominee of the policyholder, in case of their untimely death. The policyholder has to pay regular premiums on their selected term life insurance policy to keep their term insurance plan active.
Apart from payment of insured sum upon the policy holders’ death, there are many term insurance plans with a critical cover that offer a lump sum payment of the insured amount to the policyholder and their family, in case of critical illness or complete disability. A critical illness or disability like a complete hearing loss may disrupt the policyholder’s regular income. A term life insurance plan may help create a financial safety net for your family in case something happens to you as an earning member of the family.
Many different forms of term insurance offer different coverage and facilities. Most companies also have options where you can customise your term insurance with the specific features you or your family may need. You can check the amount of premium you will need to pay on a Term Insurance Calculator.
The medical cost of treatment of critical or prolonged illness is also high. In such a case, having term life insurance with critical cover can prove beneficial for taking care of medical expenses and securing the future of your family. Upon detection of a critical illness or disability, a predetermined lump-sum amount is given to the policyholder/their nominee. However, you should make sure to read all the details of term insurance critical cover plans and the critical illnesses and disabilities covered under the term insurance plan.
What causes Hearing Loss and how to prevent it?
There can be many causes of hearing loss, but the primary cause for most individuals is ageing. Listening to loud music, ear infections, working in a loud environment for extended periods can also cause hearing loss. Here are some tips to prevent hearing loss in the future and take better care of your ears.
- Protect your ears from loud noises – Do not listen to music/movies or any kinds of sounds at very high volumes for extended periods. If your work exposes you to loud noises, wear ear protection gear.
- Have periodic ear tests – Having early or semi-early ear tests if you work in a noisy environment is a good idea. Early detection of hearing loss may help you limit and prevent further loss of hearing.
- Avoid listening to headphones on high volume or going to concerts where the music is too loud. Even if you listen to loud music or attend concerts, it is a good idea to take periodic breaks and carry ear protection.
- Get your ears cleaned by an ear doctor if you have a buildup of earwax or use home remedies like ear wax removal solutions.