Living Benefits
Not only do insurance products benefit your estate, some of them are
designed to meet your needs while you live. Living benefits products help
protect your wealth and give you the financial freedom to maintain your
lifestyle or to obtain the care that you require in the event of an
injury or illness.
Choose from the links below for an overview of living benefits:
Disability Insurance
The greatest asset most of us possess is our ability to earn an income.
Why not insure such a valuable asset, which is worth much more than your
car, house and jewelry all put together? Also ask yourself how long your
portfolio would last if you needed to create a lifetime income. A
disability insurance policy will provide a tax-free income stream to
replace your future earnings.
Disability insurance:
- Replaces your income in the event of sickness or disability
- Ensures that you continue to earn an income even after you are unable
to work
- Ensures that your family’s standard of living and lifestyle
are not interrupted
Critical Illness Insurance
What are the chances that you might develop life-threatening cancer
or suffer a heart attack? If either of those occurs, your finances will
be put to the test; your family may need to leave work to care for you,
or you may decide to seek expensive private care. In any event, critical
illness insurance provides a lump sum that you can use to combat any one of
up to 22 specified conditions, or in any other way that you see fit.
Critical illness insurance:
- Pays a lump sum when you are diagnosed with one of a number of
prescribed illnesses and conditions
- Offers proceeds that allow you to travel for the best care and/or
allow your family to take the time from work to be with you
Long-Term Care Insurance
With advancing medical breakthroughs, there is a greater chance than
ever that we will grow very old. With old age comes a strong possibility
that we may not be able to care for ourselves. Many people will require
special care, either from a specialized individual who visits you, or in
a special care facility.
Long-term care insurance:
- Covers the cost of care, either at home or in a facility
- Ensures that you do not deplete your retirement savings to
support your health care needs
- Ensures that the burden of your care doesn’t fall to
your family
Take the next step…talk to an advisor.
For additional information on insurance solutions, please contact
a life-licensed advisor. Or, ask
an advisor to contact you.
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