生前利益萬能壽險 Life Insurance With Living Benefits

If you are considering purchasing life insurance with living benefits, it is important to talk to an insurance agent to learn more about your options. They can help you choose a policy that meets your needs and budget.

Life insurance with living benefits is a type of life insurance policy that allows you to access some of the death benefit while you are still alive. This can be helpful for paying for medical expenses, long-term care, or other financial needs. There are two main types of living benefits: accelerated death benefits and chronic illness riders.

Accelerated death benefits allow you to withdraw a portion of your death benefit if you are diagnosed with a terminal illness. The amount of money you can withdraw will vary depending on the policy, but it is typically a percentage of the death benefit. Chronic illness riders allow you to withdraw a portion of your death benefit if you are diagnosed with a chronic illness that meets the policy’s definition. The amount of money you can withdraw and the conditions that qualify will vary depending on the policy.

Living benefits can be a valuable addition to a life insurance policy. They can help you pay for unexpected expenses and provide peace of mind knowing that you have financial resources available if you need them. However, it is important to understand the terms and conditions of your policy before you purchase it. Some policies may have limitations on the amount of money you can withdraw or the conditions that qualify you for a withdrawal. It is also important to note that using living benefits will reduce the death benefit that is available to your beneficiaries.