What is the best life insurance? People often ask this and the answer is not that simple. Each person has a particular need to fill, that is why there are so many different types of life insurance, including term, life, whole life, annuities. People also often ask mean what are living benefits in life insurance? And if you have a term life policy, you should really consider having living benefits on that policy. There are three types of living benefits in life insurance. Critical illness, chronic illness, and terminal illness. Critical illness or medical conditions, such as heart attacks, strokes, cancers, liver or kidney disease. Chronic illness is a medical condition that prevents the person from doing activities of daily life, such as toileting, eating, bathing. Terminal illness is a medical condition that will result in death over the next 12 months. If you have a life insurance policy with living benefits and any of those things happened to you, you can file a claim and collect that benefit amount. These types of benefits are critical during our life, considering there are so many things that can happen that will not kill you, but might disable you from working and generating an income. when considering life insurance, living benefits is a big part of analyzing the policy or policies that you are looking into. Having access to multiple carriers is a key part of finding the best type of life insurance for your family. There are hundreds of carriers out there across the nation, and all of them offer similar products, but different types of underwriting. Make sure that you work with a knowledgeable agent who is contracted, or has access to as many carriers as possible. Subscribe to the channel and like this video if it brings you good information.
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What are living benefits in life insurance? What is the best life insurance? #lifeinsurance
