Life Insurance Policy

Life Insurance with Living Benefits: Providing Peace of Mind and Flexibility in the Face of Illness

April 24, 20232 min read

“ It offers the protection of life insurance with the added bonus of a guaranteed return of premium” - Monica Thurman

Life insurance with living benefits is a policy that offers additional financial support to the policyholder in the event of a serious illness or critical injury. Unlike traditional life insurance policies that only pay out a death benefit after the policyholder passes away, a life insurance policy with living benefits allows policyholders to access their death benefits early if they experience a qualifying event.

Retired life is for me

The advantages of a life insurance policy with living benefits are numerous. First and foremost, it provides peace of mind for both the policyholder and their loved ones. Knowing that they are covered if something unexpected happens can alleviate the stress and anxiety that often comes with health-related issues.

Another advantage of a life insurance policy with living benefits is that it can help cover the costs associated with medical treatment and other expenses related to a serious illness or critical injury. This can include things like hospital bills, medications, and medical equipment.

In Hospital

One example of how a life insurance policy with living benefits can be used is the case of a woman named Grace. Grace was a resident of Lake Elsinore, CA who discovered she had cancer. With her life turned upside down, Grace contacted her insurance company to see if her policy had any living benefits. Fortunately, it did.

With the support of her life insurance policy, Grace was able to focus on her health and well-being without worrying about the financial burden of medical expenses. After undergoing successful treatment, Grace decided to travel the world and enjoy life to the fullest. Knowing that her insurance policy was there to support her gave her the freedom and flexibility to pursue her dreams.

Sunset on the Maldives

Facts and statistics support the benefits of life insurance with living benefits. According to a study by LIMRA, 62% of consumers believe that living benefits are an important feature when purchasing life insurance. Additionally, a separate study found that over 60% of personal bankruptcies in the United States are due to medical bills.

In conclusion, a life insurance policy with living benefits can provide valuable financial support in the event of a serious illness or critical injury. It offers peace of mind, helps cover medical expenses, and can provide policyholders with the flexibility to pursue their dreams. Grace's story is just one example of how this type of policy can make a real difference in people's lives.

If you're interested in learning more about life insurance with living benefits please visit us at and schedule a time to meet with a professional.

Life Insuranceretirement planning wealth planningestate planningestate
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Monica Thurman

Wife and Mother to 5 Amazing Children, Monica Is a tax free retirement specialist with 30+ years of experience. She is a leader at DrivenFin and has made a name for herself in the insurance industry with her vast knowledge of insurance products and underwriting procedures.

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