\ Absolutely Recommended for American Living /
With "Living Benefit" Life Insurance
What is Living Benefit ?
Traditional life insurance policies pay out benefits only in the event of the death of the policyholder. Recently, however, a new type of life insurance has become mainstream. That is life insurance with a "living benefit" rider.
Living Benefit also pays out if the subscriber suffers from certain illnesses ( e.g. cancer, stroke, heart attack, etc. ) during his/her lifetime. This rider may pay up to 100% of the death benefit ( The amount paid depends on the severity of the illness ).
Specifically, if the subscriber is unable to work due to illness and is unable to earn an income, the Living Benefit can be used not only for treatment expenses, but also for various other expenses related to life, such as house loans, children's school fees, and food. This gives the insurance policy more flexibility to support the lives of its subscribers and their families, and is expected to reduce the financial burden caused by the effects of illness or injury.
*Other major diseases illness
end stage heart failure, paralysis, ALS , tumor organ transplant, etc. Other 18 types of diseases. ( Varies by insurance company and plan. )
Health insurance is all you need ?
It is estimated that 60% of personal bankruptcies in the US are due to huge medical bills. Even more alarming is that 80% of these individuals have health insurance, yet are forced into bankruptcy because their medical bills are not covered. They are unable to work while undergoing treatment, and the loss of income makes it difficult to pay living expenses, mortgages, and other bills. Health insurance will cover part of the cost of treatment and medications, but will not cover other living expenses and debts.
Living benefits are beneficial in these situations.