Life Insurance With "Living Benefits"

One of our Ohio based life insurance companies recently came out with Term and Universal life insurance product that offers what we call "living benefits".

These new plans offer a "Terminal Illness" benefit that is equal to 100% of the normal death benefit (face amount) you could be paid on for the diagnosis of a terminal illness that will take your life in less than a year so you can start using the money for medical bills and other expenses associated with your illness before you are "expected" to pass on. You can use the money for anything you would like as far as that goes.

These plans offer a "Critical Illness" benefit that is equal to 90% of the face amount for such events as heart attacks, strokes, kidney failure, cancer and many others.

A "Chronic Illness" benefit is also standard for medical illnesses that would prevent you from doing some of the normal activities such as feeding, bathing or clothing yourself. This is also a benefit that is equal to 90% of the policies death benefit.

Call us today for a free quote and more information on these great new plans.

Life Insurance Premiums Upward Bound

The side effects of the horrible economy are again taking their toll and costing the consumer more money. Life insurance companies like any other businesses are experiencing lower profits margins and have to charge more for their products in order to stay in business and make enough profits to pay the claims as they roll in. The life insurance premiums are going up and up.

The life insurance procrastinators will be paying quite a bit more for the same life insurance plan they were looking at a few months ago if they would not have dragged their heals just "talking" about buying life insurance instead of applying for a plan and locking in their rates for the next 20 or 30 years. By far, the majority of Americans that need a life plan would rather just window shop and kick tires for a few years instead of securing a plan and get it over with. This is always a very costly move to make.

Most people have heard the old saying "He who hesitates is lost". When it comes to life insurance, the old saying is "He who hesitates pays more money" and the new life insurance saying is "He who hesitates will kick himself in the pants for waiting so long". If you need a life insurance plan, apply now or forever hold your peace.