Term insurance is a level term life insurance product that pays out a lump sum to the beneficiary. These policies can usually be contracted 10-year, 15-year, 20-year and 30-year. The premium payments for these policies remain the same for the years contracted.
Upon issuance, these funds can be used to pay off credit card debt, loans, including mortgages, and provide continued support for your spouse and children. It can even pay for your child's college education. No one wants their family struggling to pay their funeral expenses in a time of bereavement.
The good news is that you can acquire additional protection with your Term Insurance policy by adding an Accelerated Benefits Riders* to your policy.
That means that you will not only have a death benefit in place for your family’s protect but that you will have a living benefit for your own protection in case of covered illness or injury.
Accelerated BenefitsRiders* are optional, no additional cost riders that can allow you to access all or part of the death benefit while you are living if you experience a qualifying terminal, chronic, or critical illness or critical injury.
That is protection that you can use right now. A regular term policy without this rider will not be able to provide you with the same protection.
Life insurance can give you the peace of mind. Life insurance with living benefits can help you when you need it the most.
Call us at 312.884.8896 to learn more.
Or click here to request a brochure on Term Insurance With Living Benefits today!
*Terms and conditions apply.
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