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This domain name is ideal for a healthcare or health brand.
The word "MedLyfe" contains seven characters and just two syllables. Two-syllable names are extremely rare and extremely prestigious. Established brands using two syllable names include Google, FedEx and Ikea.
Medlyfe.com is a dot-com domain. Dot com domains are the most sought after top-level-domain in the world, famously used by websites like facebook.com. When most people think of a website, they think of a dot-com.
One suggestion for how this name could sound when used.