I've been shopping for a new life insurance policy and read that I could collect the death benefit before I die. How does that work?
I have an older policy from years ago but was looking to change to a new policy and I"m trying to compare the different benefits of each policy. Thanks!
Answers | 1
Though there are others, here are three accelerated benefits to look for: Terminal Illness, Chronic Illness, and Critical Illness. Upon diagnosis, these riders kick in and do their work. Not all policies have all of these, though most will include the Terminal Illness benefit. Keep reading the small print: it is often as important as the larger print.