Most people today purchase life insurance for the unforeseen event mainly death of the primary income earner. However in America the main things that can, and usually erode retirement savings is medical issues such as Stroke, Heart Attacks, Cancer, Chronic Illness, find out more about life insurance that you don’t have to die to be able to use.
If your Life Insurance requires you to DIE to use it…then you NEED to replace it!!!
You’ve always done your best to provide for, and protect, your family’s financial security. But life has a funny way of coming up with unexpected situations to surprise you.
Recent studies show that nearly half of all Americans suffer from at least one chronic illness, and many of these people have one or more daily activity limitations.
Chronic diseases—such as heart disease, stroke, cancer, diabetes, and arthritis—are among the most common and costly of all health problems in the U.S., and are also the leading causes of death and disability.
You may not have considered it until now, but more and more Americans are learning that certain types of life insurance can play an important role in protecting their family’s financial future when an unexpected chronic, critical or terminal illness happens.
Life insurance that has Living Benefits is one of the most important things you can put in place to provide financial protection for your family if you were to pass away unexpectedly. But did you know that with the proper policy in place that has Living benefit features, it gives you early access to policy benefits to help pay your bills should you become stricken with a chronic, critical or terminal illness—even if you already have health insurance or Medicare coverage?
If you are diagnosed with certain chronic, critical or terminal illnesses, a Life policy with Living Benefits allows you to accelerate a portion of your policy face amount to:
- Replace income lost as a result of your illness
- Provide for in-home care or facility needs
- Any face amount not accelerated as living benefits will remain a death benefit
for your loved ones after you pass away