Life Insurance with Living Benefits

Posted on Sun, Sep 24, 2017

Fotolia_62119560_XS.jpg

In the coastal part of Texas, we recently have certainly had our share of unexpected events with the appearance of Hurricane Harvey.  During that stressful time, many of us spent some time considering our insurance options.  We would like to offer some additional ideas for you to consider. 

The ultimate goal for most of us is to live a full life and have confidence that our personal and financial goals are possible.  While you may not have total control over your health or how long you live, you can take steps today to plan for a secure financial future.

A smart plan starts with having proper protection from the financial impact of an unexpected event such as death or illness. Too often, families are caught off-guard by these events and the emotional and financial toll is alarming.

Critical Illness

The Critical Illness rider gives you the option to accelerate a portion of your death benefit if you are diagnosed with a heart attack, stroke, cancer, renal failure, major organ transplant or ALS.

Chronic Illness

The Chronic Illness rider gives you the option to accelerate a portion of your death benefit early if you are certified by a Physician as being unable to perform at least two ADLs or activities of daily living (bathing, continence, dressing, eating, toileting, transferring) or if you require substantial supervision due to severe cognitive impairment. 

Terminal Illness

The Terminal Illness rider gives you the option to accelerate a portion of your death benefit if you are diagnosed as terminally ill with a life expectancy of one year or less.

Unemployment Waiver of Premium

If you become unemployed for a period of at least 4 weeks and are receiving state or federal unemployment benefits, this benefit waives six months of premium. 

Advance Up to 95% for Serious Illness

Three accelerated benefit riders will allow you to take a portion of your death benefit early in the event you become seriously ill.

  • You have the choice to accelerate up to 95% of your death benefit
  • Your current health condition and life expectancy determine the actual amount you can receive, which will be less than your accelerated amount
  • You have the ability to accept the offer or maintain your initial death benefit
  • If you accept the benefit offer, your future premiums are reduced based on your new lower death benefit.

Dean and Draper

Jerry_Linville.jpgWe want to support you in planning for your future.  For more information about the options we have mentioned, please contact Jerry Linville, 281-794-3783.  Jerry will provide solid answers to your questions, excellent choices for insurance options, and a wealth of great experience. 

Dean& Draper is a Trusted Choice insurance agency representing over 200 insurance companies. For over 35 years we have offered a trusted freedom of choice to our clients.  ContactUs.

The recommendation(s), advice and contents of this material are provided for informational purposes only and do not purport to address every possible legal obligation, hazard, code violation, loss potential or exception to good practice. Dean & Draper Insurance Agency specifically disclaims any warranty or representation that acceptance of any recommendations or advice contained herein will make any premises, property or operation safe or in compliance with any law or regulation. Under no circumstances should this material or your acceptance of any recommendations or advice contained herein be construed as establishing the existence or availability of any insurance coverage with Dean & Draper Insurance Agency. By providing this information to you, Dean & Draper Insurance Agency does not assume (and specifically disclaims) any duty, undertaking or responsibility to you.  The decision to accept or implement any recommendation(s) or advice contained in this material must be made by you.

©2017 Dean & Draper Insurance Agency All Rights Reserved.

Topics: Life Insurance