What do you mean by “Death Insurance”?
We consider a traditional life insurance policy (one without modern Living Benefits features included at no additional cost) to be a “death insurance” policy. After all… they only pay out if you’re dead. Don’t get us wrong – everyone needs a life insurance policy to pay out in full if they were to die. It’s important coverage to have.
But, these days it doesn’t make any sense to own a policy that only pays out when you die. Modern policies today come with “Free Living Benefits” features that provide protection against many more scenarios than just the death of the policyholder.
What do you mean by “Living Benefits”?
A Living Benefits policy is a modern life insurance policy that will pay out exactly the same as a traditional policy in the event the policyholder passes away. The key difference is that Living Benefits policies come with built-in free Critical and Chronic Illness riders. These features grant the policyholder options to accelerate money from their policy’s death benefit while they’re still alive if they suffer (and survive) a qualifying serious illness or injury.
What is the risk if I don’t take action?
“50% of all bankruptcies” in the US every year are due to medical bankruptcies stemming from unexpected illness and injury. (68% of these bankruptcies had major medical coverage in place). Putting a Living Benefits policy in place can help ensure that you have access to potentially hundreds of thousands of dollars if you suffer a cancer diagnosis, heart attack, or stroke or chronic illness. If you remain covered with a policy that only pays out in the event of death, you risk falling into the same trap that claims the financial fate of thousands of Americans and their families each and every year.
How do I “Retire” my death insurance?
Simply put – You retire your death insurance by replacing your current old-fashioned traditional life insurance policy with a modern Living Benefits life insurance policy. We find that when people discover the power of Living Benefits and realize that they come free with modern policies, the decision to have more options in more scenarios when it comes to their life insurance coverage is kind of a no-brainer.
Contact our office to find out “How You Can Retire Your Death Insurance”.
Six Mile, SC 29682
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