The Clowe Agency Blog
When Life Happens, Be Sure You're Protected
You may be at more risk for a chronic illness than you think. Are you and your loved ones prepared for that expense? The living benefits of life insurance can offer flexibility and options to cover a variety of needs in the event you have a terminal, critical or chronic illness.
Cover your “what ifs” and protect yourself against the risk of disability
No one is immune to chronic diseases, such as heart disease, diabetes, Alzheimer’s, stroke or cancer. Eating healthy and regular exercise can help decrease your chances of such illnesses, but it’s important you protect yourself against the “what ifs.”
Life insurance with Living Benefits can help offer that protection. Living benefits are riders added to your policy, usually at NO COST. They are also known as Accelerated Death Benefit riders. You know life insurance makes a payment, called a death benefit, to your beneficiaries when you pass away. But life insurance can be more than a death benefit payment. It can also help provide for you and your loved ones while you are still living. Should you become terminally ill, or be diagnosed with a qualifying chronic or critical illness, you can use your accelerated death benefit rider living benefits to help cover your medical costs, or other expenses.
If an accelerated death benefit payment is made, your policy will still have value as life insurance for your loved ones. Life insurance with living benefits helps protect your loved ones from financial strain if you have a serious illness or you pass away. The accelerated death benefit riders are not a long-term care product. The riders may vary in some states and you must continue to pay the minimum premium to keep the base policy and riders in force. Take the next step to protect your family. Call The Clowe Agency at 505-306-3811 today to find out how life insurance with living benefits can help protect your family with flexibility and options to cover a variety of needs.
Before considering life insurance with living benefits, it is crucial to thoroughly review the policy terms, understand the limitations and exclusions, and consult with one of our Trusted Advisors at The Clowe Agency to determine if it aligns with your specific needs and goals.
The Clowe Agency
6700 Cantata St. NW Ste. 205
Albuquerque, NM 87114
(505) 306-3811
