Definition: The term "insurance 4 you 4 less" refers to a type of insurance that provides protection against unforeseen expenses or costs, such as medical bills, property damage, or lost income. This coverage can be offered by health insurers, life insurance companies, and other financial institutions for individuals, families, and businesses. In simpler terms, this term means that if you are facing unexpected costs due to a serious illness, injury, or accident, your insurance policy will provide a large amount of money to help offset those expenses. The "4 you" part means that the policy is designed specifically for people with incomes up to 40% of their gross income, and "less" refers to the maximum amount of coverage that can be provided. For example, if an individual has a monthly income of $50,000 and needs medical insurance covering costs related to serious illness such as cancer or heart disease, they could purchase a policy with an "insurance 4 you 4 less" feature. This type of insurance will provide them with the maximum amount of coverage without requiring them to pay more than their annual income limit. Overall, this term highlights the importance of having sufficient financial protection in the face of unexpected expenses and can be particularly helpful for individuals who need to manage their finances during times of stress or hardship.
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