Life insurance or life assurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the insured individual's or individuals' death or other event, such as terminal illness or critical illness. In return, the policy owner agrees to pay a stipulated amount called a premium at regular intervals or in lump sums. There may be designs in some countries where bills and death expenses plus catering for after funeral expenses should be included in Policy Premium. In the United States, the predominant form simply specifies a lump sum to be paid on the insured's demise.

Did you know you could be refused a job because of something erroneous on your medical records? It's true; if you are reported to have a disability, whether it's true or not, you could be turned down. You would be marked as a risk, especially if the company offers insurance; they would know that you are going to cost more money to employ. The same goes for applying for instant health insurance quotes where your medical records show that you would require doctor visits, prescriptions, and would have an increased chance of emergencies. It's quite the ordeal if you do in fact have a disability, but imagine if you didn't have one--you would be denied insurance, while also being entirely ineligible for disability financial assistance.

An illustration of an error that could be made on your record would be a diagnosis mistake. Perhaps you ask your doctor to check a suspicious lump in your breast. On the initial visit he may suspect that it's cancer. Most people will obtain a second opinion or go for a more thorough absolute examination. If the second physician determines that it's just a cyst and has it removed, your personal records would show that you are cancer-free. However, if this visit was documented incorrectly, or not at all, you may have difficulty getting iinsurance and not even be aware of the reason. If you had a record of the second visit that found the cyst, this situation would be easily challenged and your record would be corrected.

Everybody's human, and everyone makes mistakes; even on things as serious as medical records. For this reason, it's very important for every person to be responsible for themselves and maintain their own copy of their medical records. For instance, if you are declined health insurance due to your records being misrepresented, you will be able to clear up to problem quickly and easily.