Mortgage Payments
Medical Bills
Food and Gas
These living benefits pay for anything else you may need to continue living the way you were prior to your diagnosis.
The payment would be a lump-sum payout and tax-free. it will be paid TO YOU rather than your beneficiary.
Basically the carrier is paying a pre-mature death benefit but to the living!
We met with a lady in 2017. She was 44 years young & PERFECTLY healthy. No medications at all! She made TEN payments on her mortgage protection and came down with life-threatening cancer!
In the ELEVENTH month of her policy, the carrier handed her a check for 152 THOUSAND dollars! Fortunately, she did survive, and she does NOT have to pay that money back because she DID qualify for the benefit at that time!