Living Benefits
Life Insurance

 

A policy that is not just a death benefit. Have access to all or part of your policy when you need it the most, while living. Your death benefit can be accelerated during a qualifying terminal, chronic or critical illness/injury. Your benefit can be used towards anything you like such as but not limited to:

 

• Household expenses

• Day to day bills

• Alternative medical treatments not covered by your medical insurance

• Supplement lost income due to being out of work

• Claims need to be filed within 365 days following the occurrence of such a qualifying event

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A life insurance policy can provide support and protection benefits for your loved ones after your death. But there can be situations where you need to get these benefits while still living. In some life insurance policies, you have the chance to accelerate the death benefit. Such life insurance options are known as Living Benefits Life Insurance policies.

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The importance of Living Benefits Life Insurance
 

A traditional term life insurance policy would only provide financial support to your immediate family members after death. However, Living Benefits Life Insurance can help you to gain access to a percentage of the life insurance, while you are still alive. You'll be able to use this amount when you encounter a serious health condition, where you will have to spend most of your savings to cover up the healthcare expenses.

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Who should buy a Living Benefits Life Insurance policy?

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If you don’t want a serious illness or accident to lead you into financial struggles, you should think about buying a Living Benefits Life Insurance policy. Some health issues are hereditary. If anyone in your family has cancer, Alzheimer’s disease, or any other serious illness, it is a good idea to obtain a Living Benefits Life Insurance policy.

If you become diagnosed with a serious illness or get into an accident, that situation is stressful enough! Worrying about finances can greatly add to that stress. This is where the Living Benefits Life Insurance policy can assist you. Your life insurance policy will offer the support you need to cover your medical expenses. Your focus should be on getting better, and not having to worry about your medical bills.

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What is covered by the Living Benefits Life Insurance policy?

You can cover all the medical expenses associated with the illness out of the support given by the Living Benefits Life Insurance policy. This will be a great relief for you. However, you can get the insurance policy to cover many other expenses you have as well. For example, you will be able to cover household expenses, expenses associated with alternative medical treatments, and other day-to-day bills with Living Benefits Life Insurance.

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It’s worth it to obtain a Living Benefits Life Insurance policy. You never know if you'll be diagnosed with a serious illness or get into an accident. Don’t take the risk of being unprepared. Get peace of mind with a Living Benefits Life Insurance policy.

 

Get a free life insurance quote from Jeremy Springer today by filling out the form below to get started!

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