Living Benefits have been around for 20 years, yet most Americans still don't know what they are or what they do.
KPP specializes in living benefits that allow policy-holders to access their death benefit to get money in their hands when they need it most if they suffer a heart attack, stroke, cancer, or other qualifying illness. And the best part is these benefits, many times, come at NO ADDITIONAL COST. While life insurance generally benefits your loved ones after you pass away, it can also benefit them (and you) before that time comes through something known as living benefits.
Living benefit options for life insurance allow access to a portion of the death benefit 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.
Here’s what our client family has to say about the role Key Planning Partners has played in their lives.
Marie presented a very informative workshop that will help our family address an immediate crisis we are dealing with in regards to our Mother’s care needs.
When my family was at their lowest and struggling to cope with my recent diagnosis, KPP provided local support and found creative options to help pay for care so I didn’t have to deplete my retirement. It allowed my children to focus on their futures rather than how to pay for care. I had been to several financial advisors trying to find a better solution so I was hesitant to have another disappointing meeting. I am so glad I tried one more time because it has made all the difference for me and my family.
Having to manage the care needs of our parents, Marie was able to provide us a unique tax efficient planning solution that will help our children avoid this burden.
KPP truly cares about finding the best solutions for their clients. It is not a sales or product push like I have been to in the past. In our case, they were able to help us understand how to qualify for certain government benefits and not one sale was made. I am so grateful for KPP and what they are doing to help those dealing with the high cost of long term care.
KPP helped my husband and I put together a plan that we could afford to cover long term care costs should we need care in the future. This will allow us to stay home for care and not go through our savings to do so. It also alleviated our fear of becoming a burden on our children. AND if we don’t end up needing care, then there is a death benefit that goes tax free to our children. It was a win, win, win across the board. I couldn’t recommend them any higher.
Real Clients. Real Stories.