Let me begin by asking my readers the following question: “If you or a family member should develop a chronic illness requiring long-term care or become critically ill due to a stroke, heart attack, or diagnosis of cancer, but have a good chance for survival with new medical advances and physician recommended experimental or alternative care costing tens or hundreds of thousands of dollars, what would you do? How do you pay for the likely exorbitant expenses incurred that are not covered by your health insurance plan if you had one?”

Would you appreciate the ability to accelerate and access a large portion (as much as 80% to 90%) of your life insurance death benefit even if it’s Term Life, in order to proceed with the suggested treatment, get well, and live? Or would you rather use up your own savings? If you believe that utilizing some of the death benefit to live and not die makes sense, you want life insurance coverage with “real” LIVING BENEFITS.

Most of the life insurance in force and currently being sold in America is antiquated because the face amount of coverage was designed to be a death benefit only. Unfortunately, most insurance agents, financial planners, attorneys, accountants, and doctors do not know Living Benefits Life Insurance exists because no one ever told them. Just ask your current agent how much of the death benefit you can access from the life insurance policy they sold you if you become critically ill or need long-term, but are likely to survive and live.

If the agent chuckles, or says “you must be kidding,” you do not have what we or you would call real Living Benefits. If they say the company will accelerate most of the death benefit if you meet the definition of “terminally” ill which is typically defined as having less than 1 year to live, you can comment that it sounds like a death benefit, not a living benefit.
The agent may tell you that your policy builds cash value and you can “borrow” it from the policy as a living benefit to pay for needed medical expenses. You should know that the growing cash value is your own money because compared to the low cost of Term insurance you are “over-paying” premium in the early years to prevent it from increasing in later years. Just be aware that using your cash value savings to pay medical expenses is not a living benefit.

The ability to access real living benefits in the event of serious illness AND to create a tax-free retirement packaged in one financial peace of mind concept exists. Today!
Thinking Differently Creates New Possibilities


Rick Drazien