Living Benefits are the cornerstone of the edge that Secure Life provides for its clients.
Most people purchase life insurance to provide a legacy of financial security at the time of their death. But doesn’t it make sense for the benefits to extend and be available for the difficult financial times they have to face if a chronic, critical or terminal illness precedes death? The industry calls the benefit an “Accelerated Death Benefit Rider.” We refer to it as real Living Benefits. Most of us are in this profession because of a sincere desire to help others in a manner that is both unique and timely. Living Benefits is one of the reasons why the Secure Life family of agents is so passionate about what we do every day.
The Living Benefits Rider is called an “Accelerated Death Benefit Rider” but we refer to them as Living Benefits. This policy rider provides the consumer (insured) a financial benefit when faced with a critical, chronic or terminal illness. These benefits are made available to the insured and their family during difficult times of illness. Secure Life Financial specializes in providing the life insurance carriers that offer Living Benefits Riders.
In fact 62% of bankruptcies are due to a critical illness and 75% of those who filed for bankruptcy had a health insurance policy.*
Men have a 1 in 2 risk of developing cancer during their lifetime and women have a 1 in 3 risk,** yet nearly two-thirds of cancer-related costs are NOT medical.***
Our life insurance has living benefits; benefits you do not have to die to use!
If you experience a terminal, chronic or critical illness, you can access your death benefit while living; even if you experience a heart attack, cancer, stroke, ALS, major organ transplant, the inability to perform 2 out of 6 activities of daily living (toileting, transferring, bathing, eating, etc.) and many other ailments.
Our living benefits are included at no additional cost on Term, Universal Life, and Index Universal Life insurance policies.
*The American Journal of Medicine, 2009.**Cancer Facts and the War on Cancer. LIMRA, 2007.***Cancer Facts & Figures 2008. American Cancer Society, 2008.