Did you know that there are life insurance benefits, you might be able to take advantage of without dying ?
it is true!
life insurance is a stunner, and a feature called the accelerated death benefit can make it even more valuable than most people realize.
the concept behind the Accelerated death benefit is simple: in certain circumstances, your life insurance company may give you a cash advance against your death benefit. You can use the money to cover medical expenses, pay for a family vacation or make the most of the time you have left.
Some life insurance policies include a driver automatically accelerated death benefit. On others, it is a characteristic of optional add-on (called a runner) you might have to pay extra for. Each insurance company does things differently.
"I'll never forget the phone call from his wife ..."
The Accelerated death benefit can provide a huge relief during a very difficult period.
In the video below, Howard Weissman, one of the experienced professionals here to AccuQuote, shares a touching story which shows the extent of the impact of this provision can have on a family.
provision of accelerated Rider deaths can provide living benefits if the insured is diagnosed with:
- Terminal illness
- chronic disease
- serious illness
terminal illness has been a feature of providing accelerated death both term and of permanent life insurance policies for many years, while chronic and critics were added primarily to permanent life insurance policies in recent years. Very few long-term life policies offer a chronic and critical that riders accelerated death. This will likely change in the coming years.
Call us at 800-442-9899 to see if your current coverage has accelerated function of the death benefit. We will review your policy free!
briefly Let these little-known features.
- Terminal Illness
Terminally Ill means that the insured has a medical condition resulting from bodily injury or illness, or both, which should result in death within 12 months of diagnosis (most insurance companies range from 12 months). This is the most common accelerated death benefit feature available in life insurance policies these days, and has been around for many years.
The video above talks about a disease scenario terminal.
- chronic disease
Chronically Ill means that the insured is unable to perform, without substantial assistance from another person, the least two of six "daily living activities" ( eat swimming Dressing Go to the bathroom transfer , the ability to stand, walk across the room and sit down, or continence , which is the ability to control bladder or bowel movements) or requires substantial supervision by another person because of severe cognitive impairment. This assistance is often referred to as long-term care - and it's CHER
Approximately 70% of over 65 elderly people will need access to long-term care at some point
- serious illness
seriously ill usually means that the insured has been diagnosed with one or more of the following health conditions (this definition may vary slightly between insurance companies)
- heart attack
- race
- cancer renal failure
- terminal
- graft major organ
- amyotrophic lateral sclerosis (ALS)
- blindness
- paralysis.
The accelerated death benefit can prevent you from becoming a burden on your family when you start having trouble taking care of you. It can also you and / or protect your family to deplete your savings and ruin you!
Call 800-442-9899 today to learn how you can take advantage of life benefits of life insurance. You can also get a free quote here. You and your family will be glad you did.
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