Most people understand the importance of having a life insurance policy in place, to protect loved ones who are left behind in the event of the death of the policy holder. Providing financial support to a beneficiary is wise financial planning, but there is another valuable policy component, known as the Living Benefits Rider, that people should be aware of, as it allows for additional support while the policy holder is still alive.
What is a Living Benefits Rider?
A living benefits rider is optional coverage that can be added on to a life insurance policy that allows the policy holder to use his or her benefits early in the certain cases.
The terms of a living benefits rider can vary from carrier to carrier. The percentage of the total death benefit, as well as the total dollar amount, that is allowed to be accessed early should be considered when choosing a policy. Call Webb Financial’s owner, Chris Webb, at 847-235-6001 to find out about this life-changing coverage that could allow you to access up to $2 million.
Webb Insurance advisors listen to each client’s specific needs and then determine which of their many insurance carriers offers an option that will meet those needs.
Contact Webb at 847-235-6001 or ChrisWebb@insurancebywebb.com for a customized insurance plan that will offer you peace of mind when you need it most.