Living Benefits Life Insurance.
Living Benefits Life Insurance represents a transformative approach to coverage, offering financial assistance for critical needs while you’re still living. With this innovative policy, you gain peace of mind knowing that your life insurance is there to support you during life’s unexpected challenges.
Do you have the old kind or the new kind?
Do more with your life insurance policy. Reach out now and get started.
Do More With Your Life Insurance Policy.
Maximize the value of your life insurance policy with Living Benefits. Experience greater options, flexibility, and protection without any increase in cost compared to traditional policies that solely pay out upon death. With Living Benefits, it’s a straightforward decision for comprehensive coverage tailored to your needs.
Pays Out Upon:
Death
Heart Attack
Stroke
Cancer
Blindness
Paralysis
Traumatic Brain Injury
Traditional Life Insurance
At Same Price
Life Insurance with Living Benefits
At Same Price
You wouldn’t buy a new car that didn’t come equipped with airbags, right?
Why settle for a life insurance policy that lacks modern features, leaving you vulnerable when faced with illness? Without free Living Benefits included in your coverage, you’re taking on avoidable risks. Ensure your financial security by choosing a policy that provides early access to your death benefit if illness strikes, safeguarding your future with peace of mind and protection.
Frequently Asked Questions:
Once a qualifying health event has occurred on an active policy, a Living Benefits policy will allow the insured party to accelerate the death benefit, essentially allowing early access to the policy’s death benefit at a discounted rate. That discount will vary depending on the severity of the illness or injury. The more impact the health condition had on the insured’s life expectancy going forward, the more money they will be offered per given amount of death benefit.
For example, a client with a $500,000 Term policy who suffers a major, life-threatening cancer diagnosis may be offered $400,000 in exchange for accelerating their full $500,000 policy. On the other hand, a client who suffers a minor heart attack and whose prognosis is very positive may only be offered $100,000 in exchange for the full $500,000 acceleration. In all cases, it is the client’s decision of whether to accept the offer and take the money or leave the full death benefit in place. In many cases, it’s even possible for the client to accept a partial offer and get some money in their hands while leaving a portion of death benefit in place for the future.
ABRs and triggers can vary widely between insurance carriers and products, so it’s important to be educated on what riders are included any Living Benefits policy you may be considering and know what conditions would qualify for a Living Benefits claim. The top Living Benefits products out there will offer all of the following ABRs and associated triggers at no extra premium cost:
Terminal Illness: 1-2 years expected to live
Chronic Illness: Unable to perform 2 of 6 activities of daily living OR severe cognitive impairment
Critical Illness: Cancer, heart attack, stroke, major organ transplant, kidney failure
Critical Injury: Paralysis, coma, major burns, severe brain injury
In this day and age, it always makes sense to have Living Benefits included as part of your life insurance policy. Compared to traditional life insurance, which only pays out the death benefit if you die, Living Benefits provide you with more options and more access to your policy’s benefits in more scenarios. Any Living Benefits claim offer can always be declined if you wish, but having options is always better than not having options, especially after a major unexpected health event.
Living Benefits are kind of our thing. Reach out to us – we can connect you with our network of licensed Living Benefits experts who can audit any current coverage you have and make sure your family has the most modern and up-to-date coverage available.
Unlocking Financial Security
Understanding Living Benefits Life Insurance
Living Benefits Life Insurance is a vital financial resource designed to offer comprehensive protection beyond the traditional scope of life insurance. In addition to safeguarding your loved ones in the event of your passing, it serves as a crucial safety net during life’s unforeseen hardships.
Living Benefits life insurance introduces a contemporary approach to coverage, particularly through policies equipped with living benefits riders, also known as accelerated benefit riders (ABRs). These riders provide “early access” to the policy’s death benefit while the insured individual is alive, should they experience any of the triggering conditions outlined in the policy’s living benefits riders.
- Provides peace of mind
- Comes with your policy
- No extra cost