Examples of Living Benefits

Terminal Illness Rider:
If the policyholder is diagnosed with a terminal illness with a limited life expectancy, this rider allows them to access a portion of the death benefit while still alive to help cover medical expenses, debt, or other needs.

Chronic Illness Rider:
This rider allows the policyholder to access a portion of the death benefit if they are diagnosed with a chronic illness that significantly impairs their ability to perform activities of daily living.

Critical Illness Rider:
This rider pays out a portion of the death benefit if the policyholder is diagnosed with a critical illness, such as a stroke, heart attack, or cancer.

Accelerated Death Benefit:
Some policies offer an accelerated death benefit, which allows the policyholder to access a portion of the death benefit while alive, typically if diagnosed with a terminal or chronic illness.

Long-Term Care Rider:
This rider provides benefits to help cover the costs of long-term care, such as nursing home or assisted living.

Mortgage Protection

Mortgage protection insurance, also known as mortgage life insurance, is a type of life insurance designed to pay off the remaining balance on a mortgage if the policyholder dies. It's essentially a way to protect your loved ones from the burden of paying off the house if you are no longer able to.

Here's a more detailed explanation:

• How it works:
  Mortgage protection insurance works like a regular life insurance policy, but the beneficiary is the mortgage lender, not your family.

• Benefits:
  The main benefit is that it helps your family avoid the financial burden of a mortgage in the event of your death.

Why is purchasing life insurance is so important?

It protects your spouse and/or children from financial losses if something were to happen to you. For example:

• 1. Life Insurance provides financial security to your loved ones.

• 2. It can pay off debts.

• 3. It can help pay living expenses.

• 4. Helps pay medical or final expenses.

Life Insurance ensures your family doesn't have to face financial hardship. Protect what matters most and call us today for a no-cost consultation.