Why is our program unique?
With most other life insurance policies, you would name your ex as the beneficiary and when you died, they would receive the full proceeds. What happens if you die 10 years from now, and your obligation to your ex is only $500,000 but the policy is worth $1 million? With traditional insurance, in this case, your ex would still receive the full $1 million. Our program allows the portion of death benefit that goes to your ex, to reduce monthly as your obligation reduces, and the remainder of benefits to go to your named beneficiary. Your ex does not get a dollar more than they are entitled to.
Accelerated Benefit Riders
By reducing the amount of death benefit paid to your spouse, it also allows you to have access to the remaining portion of the death benefit to access tax free, while living for the following events:
- Chronic Illness: Cannot perform 2 of the 6 activities of daily living which include eating, dressing, continence, bathing, transferring, and toileting.
- Critical Illness: There are 16 triggers which include heart attack, stroke, invasive cancer, ALS, to name a few.
- Terminal Illness: Insured is diagnosed with an illness or condition that is expected to result in death within 24 months.
Possible Accelerated Underwriting
Assuming no significant health issues, no exam is required in most cases assuming you fall within the age and amount requirements:
- Age 18-50: $250k to $1mil
- Ages 51-60: $250k to $500k
How Much Life Insurance Do You Need?
Quotes include living benefits at no additional cost.
A terminal illness is devastating in so many ways. Spending your time hoping that you can beat the odds while obtaining debilitating treatment that robs you of your quality of life is incredibly stressful. At the same time you may be worrying about how you will pay for it all.
Life requires flexibility, especially when faced with a health related life crisis. These issues can appear suddenly and may seem to surface just when we cannot afford them and put us in a bind. The Accelerated Benefit Rider for Critical Illness is there for you when a critical illness arises and to help see you through your crisis.
What if something happened such as a serious illness or an accident that resulted in a chronic condition? Emergency funds can be depleted quickly and savings may not be far behind. Medical care is expensive and partially out of pocket.