Term Life insurance has a new benefit that some companies are offering. It is called “Living Benefits.”
Term Life insurance will pay a death benefit when the policyholder has passed away. This is something that is VERY IMPORTANT for a family. This is a financial game changer for a family if they lose the person that they rely on the provide their standard of living.
With a “Living Benefits” term life insurance policy, if the policyholder has a certain chronic or critical illness, then they can start receiving money from the insurance policy’s death benefit while they are still living.
Watch the video and let us know if you are interested in this.