Life Insurance

Empowering Your Future: Life Insurance with Living Benefits

Many individuals who invest in life insurance do so with the intention of offering financial security to their loved ones upon their passing. Unfortunately, traditional life insurance policies may not include the high expenses associated with chronic, critical, or terminal illnesses.

Certain insurance policy riders offer the flexibility to access the policy's cash value or expedite death benefits, even while you are alive. These supplementary clauses, known as accelerated benefits riders (ABR), can be added to your policy for an extra cost, permitting you to access a portion or the entirety of your death benefits during your lifetime.

Life insurance with living benefits offers unrestricted use of these funds once you qualify. This financial resource can be employed for various purposes. Some common reasons to leverage living benefits from life insurance include:

• Daily care costs
• Home costs
• Home modifications
• Elderly Care
• Quality of life expenses