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Maybe you don't need life insurance - right?

Well I guess you don't if you're single, have a good chunk of money and plan to live a long life and a happy one

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

. And there's the rub! If you are like 99% of the population, you can't fit all of those prerequisites and even if you did your hope of adhering to such a pl

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

t is zero. So I'd say you do need life insurance.I'm going to tell you why and I'm going to give you some tips to buy the right kind and to save money doing i

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

. Good deal!

You are young now and unattached. No? Well then you have responsibility to provide for your spouse, partner and family come hell or high water.

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

If you step off the curb at lunch today, get swiped and die tomorrow morning how do you plan to do that?

Your wife is a stay-at-home Mom and hasn't worked si

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

ce the kids were born. Oh oh! How is she going to replicate your income overnight? Who is going to raise the kids? Where is your spouse going to find the wh

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

rewithal to put them through college. Let's hope she can get remarried quick, right? Sorry, didn't mean to upset you! BTW, will she have enough to pay your f

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

neral expenses?

Let's stop this harangue! Yes, you need life insurance and you need it ASAP. So let's get down to how, what, where and when.

Life insurance

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

can be divided in to two basic categories - term insurance and cash-value insurance or whole life insurance).

OK - which category is right for you?

Almost

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

certainly, I would say buy term life insurance.

Term is simple to understand, is low cost and quickly bought.

Term life insurance has lower cost than cash v

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

lue insurance because it is purely a policy on the life of the person insured. No bells or whistles. There is no cash value added over time and the policy wi

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

ll expire worthless at the end of it's specified term (as long as 30 years).

Term will cost you an annual premium (normally level over the term of the policy

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

, and if you die, a lump sum is paid to your beneficiaries. The policy can be renewed at the end of its term. Yes, for a higher premium but without an additi

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

nal medical examination (big advantage!).

Cash Value Insurance or whole life comes in all kinds of variety. Limited only by underwriters and insurance comp

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

ny marketing departments the parade is endless. The underlying premise of whole life is that the policy accumulates cash value as the policy ages. The policy

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

s a combination of a savings plan and protection. The problem is that this makes side by side comparison of benefits and costs extremely complicated and diffi

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

ult and the investment element has a low performance rating when compared with other available vehicles.

In summary, whoever you are you do need life insuran

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

e. Don't put it off any longer. Get quotes on term life and rank them. Accept a reputable company with the lowest rate.

Avoid cash value policies and conc

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

ntrate your efforts on finding the best vehicles for your savings. By following this overall plan you will be providing essential protection for your family a

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

the lowest possible cost and moving in to a savings and investment mode to optimize your family's accumulation of wealth. This separation is a key to success

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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