Difference between life insurance and health insurance (medical insurance)

Life insurance	Health insurance
Contract between an individual and an insurance company in which the individual pays premiums in exchange for a death benefit in the event of their death	Contract between an individual and an insurance company in which the individual pays premiums in exchange for coverage of medical expenses.
Provides a death benefit to the policyholder's beneficiaries in the event of the policyholder's death	Provides coverage for medical expenses
Involve paying premiums in exchange for coverage	Involve paying premiums in exchange for coverage
Coverage amount for life insurance is typically a fixed amount	Coverage amount for health insurance may vary based on the individual's policy and the cost of medical care
Involves a process of filing a claim to receive the death benefit	Involves a process of filing a claim to receive coverage for medical expenses
Life insurance provides a death benefit to the named beneficiaries of the policy	Health insurance does not have beneficiaries option