A. Generally you should. Research shows that one-in-five Americans live with disabilities and what’s more, 60% of working Americans report that they would suffer financial hardship if they were unable to work for six months.
While a devastating illness or injury can have serious financial impacts, term life insurance with living benefits is a low cost way to deal with this unfortunate situation.
Living benefits give term life policy holders access to cash when they need it most – to help care for chronic, critical, or terminal illnesses, or to use as a traditional death benefit.
Who needs term life with living benefits?
- Young families concerned with protecting their loved ones can benefit from such term life product.
- Small business owners looking for cost-effective ways to retain and reward their employees can use the Trendsetter LB as part of an executive bonus.
- Insurance applicants with ages 45 and under will see the premium for a term life with living benefits is very affordable.
If you are interested in knowing more term life products with living benefits, please contact us.