Hello Wealth Tablers!
Kimberly and I (Kathryn) are passionate about Living Benefits, life insurance you don’t have to die to use. Before we go into the details of why you need this coverage, allow us to share a story about a client.
"Sarah never expected to use her life insurance policy at age 42. Like most people, she thought life insurance was something that would only benefit her family after she was gone. But when she was diagnosed with an aggressive form of breast cancer, everything changed. Unable to work during her intensive treatment, Sarah was grateful to discover her policy included living benefits. These benefits provided her with the financial support she needed to focus on her recovery without worrying about depleting her family's savings or falling behind on mortgage payments.
'I always thought life insurance was about protecting my family after I died,' Sarah says. 'But those living benefits became a lifeline when I needed them most. They gave me the freedom to focus on getting better instead of stressing about bills.'"
What are Living Benefits?
Think of living benefits as a safety net that you can actually use while you're alive – not just something that helps your family after you're gone. It's like having an umbrella that doesn't just protect you from rain, but also gives you shade on a scorching hot day. You're getting multiple layers of protection in one policy.
Here's what makes living benefits so valuable: Life has a way of throwing unexpected curve balls. Maybe it's a cancer diagnosis that requires you to take time off work. Perhaps it's a serious accident that leaves you unable to continue in your career. Or it could be a chronic illness that requires extensive care. In any of these scenarios, living benefits can provide you with access to money when you need it most.
When can I use living benefits?
These benefits typically come in several forms. If you become critically ill, you can access a portion of your death benefit early to help cover medical expenses or replace lost income. If you need long-term care, your policy can help pay for those costs. And if you become disabled and can't work, you can receive regular payments to help maintain your lifestyle and protect your family's financial security.
What makes this type of coverage particularly smart is that it addresses a common blind spot in financial planning. Many people focus on protecting their family after they're gone, but forget to protect themselves against life-altering events while they are alive. It's like having a spare tire in your car – you hope you'll never need it, but you'll be incredibly grateful it's there if you do.
The real value of living benefits isn't just in the financial protection they provide; it's in the freedom they give you to focus on what matters most when facing a health crisis. Instead of worrying about how to pay bills or maintain your family's lifestyle while dealing with a serious illness or injury, you can concentrate on your recovery and spending time with loved ones.
Consider this: according to recent statistics, more than 25% of adults will experience a disability before reaching retirement age. That's a significant risk that living benefits can help protect against. Whether it's paying for cutting-edge medical treatments, covering regular living expenses during recovery, or maintaining your family's quality of life while you're unable to work, living benefits provide crucial financial flexibility when you need it most.
Remember this.
The best time to get this coverage is before you need it. Just like you wouldn't want to buy car insurance after an accident, you can't qualify for living benefits after a serious diagnosis or disability occurs. That's why including these benefits in your life insurance planning early on is so important.
Not all agents know about or sell life insurance policies with living benefits. But guess what? Both Kimberly and I (Kathryn) are licensed to sell living benefits policies from several highly rated companies.
The next step is to reach out. Please go to PurposedConsulting.com and book an appointment. Be sure to say you learned about living benefits on The Wealth Table!
To your prosperity,
Kathryn & Kimberly
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