Many people who face these situations will still live a long time. Being able to access a life insurance policy while they are living could greatly improve the chances of receiving life-saving treatment that is not covered by health insurance, or they can use the funds however they want. Maybe take some time off from work or go on a much-needed vacation with the family.
With a Critical Illness Rider, all you need is a diagnosis of a heart attack, stroke, or cancer, to collect some money against the policy.
Some policies also include a Chronic Illness Rider where you can accelerate a portion of the death benefit if you need ongoing care for a chronic condition. This can be due to an illness, or an injury.
There are only a handful of companies that offer term insurance with both the Critical and Chronic Illness Riders. These policies are a great value as most people will outlive a term policy and receive nothing.Most people are under the impression that all term policies are the same but that is not the case.
At Deighton Financial, we are experts at helping our clients find the best value on their policies. Please complete a contact form to schedule a phone appointment or call our toll-free number. To run your own no-obligation term or permanent life insurance quotes, click button below.
