Life with Benefits
Life insurance is something you buy to protect your family’s financial future in the event of your death. If your coverage is adequate, then your insurance benefits kick in when you die and your family will have the means to pay for your burial and to make up for your lost income. You’ll be gone, but your family will be taken care of, at least financially. Life insurance is an affordable way to protect your family from the financial repercussions of your death.
But what happens if you lose your income due to a life-changing illness? If you don't have the right life insurance, you’ll lose your income, you’ll have increased expenses and there will be no way to make up for the change in your financial situation. You may not even be able to afford your life insurance policy anymore. If your illness proves fatal, then your family will be left with less than nothing.
Did you know that 7 out of 10 people will have a heart attack, stroke, or cancer before the age of 65? In fact, the average age of a person with one of these three illnesses is 43. Don’t be a victim of financial devastation because of an illness.
What you need is high quality life insurance from a company that cares. Whether you want term life insurance or a universal or whole life policy, you also want living benefits. If you choose a high quality provider, like Lineage Partners, you can opt to include living benefits as part of your policy or as a rider added onto your policy. A living benefits policy can provide you, the policyholder, with proceeds from your policy in the event of a life-changing illness.
In other words, you can get money from your own life insurance policy while you are still alive. So, if you get ill, you can collect on your policy, which will make up for your lost income and allow you to pay for the increase in expenses while still protecting your family’s financial well-being.
You select your policy and your coverage amount by comparing the costs to the benefits. The benefits you receive while you are alive are deducted from the benefits paid to your beneficiary upon your death. This means, for your policy to truly protect your family’s financial well-being, it’s best to choose the most generous policy that is affordable for your family.
You don’t have to live in fear that your family will be financially devastated during one of the most difficult times of their lives. You can provide your family with the security they need to handle whatever may come, whether it’s a life-changing illness or death. Contact Lineage Partners today to get the coverage you need to put your worries away for good.