Life Insurance and Living Benefits

A cancer patient stares out a window
Living benefits can help when you receive a life altering or devastating diagnosis

Have you considered the benefits of life insurance with living benefits? While most people purchase life insurance to provide financial support for their loved ones after their passing, it can also offer benefits while you’re still alive.

Living benefits are a type of life insurance rider that allows you to access your policy’s death benefit while you’re still alive. These funds can be used to cover expenses related to chronic or terminal illnesses, long-term care, and other various medical expenses. They also can be used for loss of income, daily expenses, groceries, kid tuition and more. With all of the above combined, living benefits can be a valuable addition to your life insurance policy.

For instance, did you know that close to 40% of people will be diagnosed with cancer in their lifetime? And treatment for cancer can cost tens of thousands of dollars per year, which can be a heavy burden on your finances. Moreover, the U.S. Department of Health and Human Services reports that there is a 70% chance that the average 65-year-old will need long-term care services. With such staggering statistics, having access to living benefits can provide a financial safety net for you and your loved ones.

There are various types of living benefits riders available, including terminal illness, chronic illness, critical illness, and long-term care. It’s not just about the medical costs though. These riders also pay for expenses to help you keep moving forward in a normal capacity while dealing with a new illness or diagnosis. Depending on the policy and insurer, some riders may be included at no additional cost, while others may require an additional fee.

Adding living benefits to your life insurance policy can be done at the time of purchase, or later on as an add-on. Keep in mind that there may be a waiting period before you can access the living benefits. Once the waiting period is over, you can file a claim and receive the benefits if you meet the eligibility criteria.

In summary, life insurance with living benefits can offer you peace of mind and financial protection in case of a chronic or terminal illness. Be sure to discuss your long-term protection plan with us at the Dickerson Agency, and speak to our life insurance and living benefits specialist, Jeremy. He can help walk you through your options and choose a policy that best suits your needs.

Don’t let the unexpected burden of medical expenses derail your financial future. Don’t rely on your friends or family to crowd fund your recovery and hope that it raises enough money to cover all your expenses. Consider life insurance with living benefits as a smart investment in your own financial wellbeing.

If you would like to learn more, don’t hesitate to call us at 678-239-0080 or email We’ll be happy to help answer any questions you may have and guide you through the process of securing your own policies.

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Are you ready to save time, aggravation, and money? The team at Dickerson Insurance Agency is here and ready to make the process as painless as possible. We look forward to meeting you!

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