Build cash value you can use during your lifetime
The basic advantage all life insurance policies provide is a death benefit that replaces income in the instance of your death. This is important, as many households cannot financially sustain the death of an income earner. Whether you are the sole income earner or live in a dual-income household, your unexpected loss can cripple your surviving family – who are now fully responsible for covering things like mortgage payments, debts, college education, and so forth.
If you support others, finding an appropriate life insurance policy is essential. However, carriers now recognize the need for a policy that also provides financial flexibility and benefits during your lifetime. The modern life insurance landscape has evolved to include various features that go beyond a death benefit, including living benefits such as:
- Cash value accumulation
- Loans or withdrawals
- Long-term care provisions
- Accelerated death benefits
Contact us today to explore your living benefit policy options.