Life Insurance has mostly been thought of as a death benefit for those that are left behind. It has been taught that one should only have enough to bury oneself. This is far from the truth. Life insurance is the actually beginning of one's financial portfolio.

There are ridders that can be added to a policy that can allow you to use some of the money from a term policy in the event that one has been diagnosed with a chronic illness by a certified licensed heath care practitioner within the past 12 months and permanently affects the Insured Person so that he or she is unable to do normal Activities of Daily Living (ADL) without substantial assistance.

In the event of a critical illness covered under the ridder include (not limited to) major heart attack (in certain states) storks, invasive cancer, paralysis and more.

Terminal Illness which has been diagnosed by a physician to result in the insured's death within 24 months from the date of the certification.

If there is a whole life policy in place, you are able to borrow from the cash value of your policy. This money dose needs to be paid back however, if it's not paid back, it could decrease the death benefit of your policy.

The money that one borrows from your whole life policy can be used however one sees fit. This money doesn't need an explanation to borrow. One could use this money to help with a child's education. Maybe to purchase a home or car. whatever the need, you are able to use the money however you feel.

For any questions about the living benefits of life insurance, please feel free to contact us.