Happy Family in the Park

Living Benefits Life Insurance 

"Life Insurance for the Living"

 
If your income stopped because of illness, what would you do?
Do you know life insurance can serve as income replacement while you recover?

Advanced death benefits

Lump sum of money

No payback required

Advance Life Insurance Benefits Early 

to Your Sustain Income

The life insurance policy provides your family a financial safety net so you can recover and alleviate the pressure to return to work prematurely.

"Living benefits life insurance is for the living"

A living benefits life insurance policy is an all in one policy.  It can advance your money from the death benefits early in the event you develop a life threatening illness and can't work. 

 

Use the benefits to pay medical bills, the mortgage, or  take care of family and business bills.  

"Life insurance is really nothing but money.  You don't need more life insurance, but you do need more money"  Ben Feldman

Living benefits life insurance works this way...

Develop one of these life threatening conditions and you may be eligible for advanced payment

based on diagnosis, age, and your health team's prognosis.

Short term illness

A short term illness is a life threatening condition such as:

Heart Attack

Cancer

Stroke 

Kidney failure

Chronic illness

A chronic illness is a serious condition where a person is unable to take care their daily needs on their own.  Chronic conditions are:

Advanced age

Paralysis

Parkinson's Disease

Dementia

Alzheimer's Disease

Terminal Diagnosis

A terminal diagnosis

of 6-24 months.

Living benefits life insurance facts
  • Same price as the old type of life insurance, just more features.
  • Benefit on both term and permanent life insurance policies.
  • The limits vary by insurance carrier.
  • May prorate the advanced amount based on age, diagnosis, and optional riders.
Asian Family of four.jpg

Tim and Nora

Tim and Nora are both physical therapists with Tim working at Kaiser while Nora works at a small physical therapy practice in San Francisco.

Nora is diagnosed with stage 3 ovarian cancer and can't work due to the surgery to remove the ovary and subsequent chemotherapy.

Their savings are shrinking due to the loss of Nora's income, her medical bills, and child care for the kids.

Tim and Nora decide to accelerate the benefits of Nora's life insurance policy.

She accelerates the full $300,000 death benefits and receives a check for $210,000 in about three weeks.

Receiving the $210,000 helped Tim and Nora get through a very difficult time in their life and relieved the financial pressure of Nora returning to work prematurely.

Nora is recovering well and is getting stronger everyday.  She hopes to return back to work when she has her strength back and her doctors approve.

Income protection for life...

Michael D. Wong, CLTC, DDS

mike@califeltc.com 

(650) 502-1511

CA Lic. 0K40153

©2020 by California Life and Disability, Inc.