The Living Benefits Rider is called "Accelerated Death Benefit Rider" we refer to them as Living Benefits. This policy rider provides the consumer (insured) a financial benefit when faced with a Critical, Chronic, or Terminal illness. These benefits are made available to the insured and their family during difficult times of illness. Michael Andrews specializes in providing the life insurance carriers that offer Living Benefits Riders today.
Welcome to Life Insurance that you do not have to die to benefit from.
Did you know: Health Insurance Alone doesn’t cover all things for all people.
In fact 62% of bankruptcies are due to a critical illness and 75% of those who filed for bankruptcy had a health insurance policy.*
Men have a 1 in 2 risk of developing cancer during their lifetime and women have a 1 in 3 risk,** yet nearly two-thirds of cancer-related costs are NOT medical.***
We believe that a solid financial foundation includes health insurance and yes, life insurance. Here’s why . . .
Most life insurance policies just pay out at death. However, that is not how our plans work. Our life insurance has “living benefits” – benefits you do not have to die to use!
If you experience a terminal, chronic or critical illness, you can access your death benefit while you're alive — even if you experience a heart attack, cancer, stroke, ALS, major organ transplant, the inability to perform 2 out of 6 activities of daily living (toileting, transferring, bathing, eating, etc.) and many other ailments.
Our living benefits are included at no additional cost on our life insurance products. We offer more than death insurance; we offer life insurance for life. To learn more, contact Michael Andrews
* The American Journal of Medicine, 2009.
** Cancer Facts and the War on Cancer. LIMRA, 2007.
*** Cancer Facts & Figures 2008. American Cancer Society, 2008.
The greatest threat to a small business owner is...losing their business due to a critical illness. That’s because of 48% of businesses that fail do so because of an unforeseen medical problem such as a critical illness.*
Medical issues can not only affect the owners of a business but key employees as well. Through our living benefits, you and your key employees can have access to additional protection as well as a wealth of options that traditional life insurance doesn’t offer when used to fund a buy/sell agreement.
Our new type of life insurance allows you to access your death benefit while living if you experience a terminal, chronic or critical illness—even if you experience a heart attack, cancer, stroke, ALS, major organ transplant, the inability to perform 2 out of 6 activities of daily living (toileting, transferring, bathing, eating, etc.) and many other ailments.