Can your life insurance multitask?

When you think of life insurance I’m pretty sure all you think about is how that will be there for your family when you pass away. Did you know, that there are new policies that can do more than just pay a death claim?
With all of the advances in modern medicine people are living longer than before and life insurance has been changing to help meet the needs of the modern family. One important aspect is quality of life, not just physically but financially.
Since we are living longer there are also more issues that arise not just death. Many people will go through cancers, heart attacks, strokes, or maybe some illness that limits the ability of performing activities of daily living such as walking, bathing, eating and so on. How will we meet the need financially?
New life insurance policies not only pay when someone passes away but now they also pay if certain triggers happen such as :
- Critical Illness
- Chronic Illness
- Terminal Illness
There are specific definitions of critical, chronic and terminal illnesses and vary by companies. But just to have an idea, a critical illness can be a heart attack, stroke, invasive cancers among other illnesses. A chronic illness is usually when people need help with activities of daily living and a terminal illness is when someone is diagnosed to be terminal within a year or two. Now all of these vary based on your policy, company and state. Therefore it is important to meet with a licensed agent, such as myself, to go over all the details.
Give us a call today to have the newest type of policies, surely, you don’t want to miss out. (786) 708–1061
You can also schedule a phone appointment by clicking here.
Lorena Tomasini is a licensed life and health insurance broker in the state of Florida. Owns an insurance agency together with her mom and have been working with many insurance companies over the past 10 years to best help meet the needs of their clients. Contact them today to learn more.
