If you're like most people, you probably think of life insurance as a simple way to provide for your family in the event of your passing. However, did you know that life insurance policies can offer much more than just a death benefit?
Here are 5 facts about life insurance that will blow your mind:
Many life insurance plans come with valuable add-ons worth more than the death benefit. These can include coverage for accidents, illnesses, and disabilities.
Provisions can be made for terminally ill patients to receive a portion of their benefit in advance to help cover medical expenses.
Disability from strokes, cancer, or cardiac arrest can qualify for an early payout of funds.
Parents can take out loans from a life policy to pay for their children's college tuition.
Families can add a rider to a life insurance policy to pay for expensive fees associated with long-term care.
If you're interested in learning more about these benefits and how they could help you and your family, consider reaching out to Paul A. Neves, CFP®, ChFC®, Financial Advisor and Wealth Manager of FSI Wealth Management.
Paul is offering a free 20-minute "ask me anything" session about life insurance and your financial wealth.
With his years of experience, Paul can help answer your questions and provide valuable insights into how life insurance can fit into your overall financial plan. Contact Paul today to schedule your free session and start exploring the possibilities of life insurance.