The icing on the cake
Most term products and almost all IUL products come with great living benefits, at no extra cost. You can actually take out most of your death benefit before you die in case of a terminal, critical or chronic illness. Keep in mind that 60% of all bankruptcies are due to medical bills from a devastating illness. Living benefits are the answer at that critical time, they offer peace of mind and a financial relief when it is most needed. You should always make sure you have living benefits when you shop for life insurance.
Statistically, 50% of all people will develop a critical or chronic illness in their life, by the time they turn seventy, the great majority before age forty-five. That’s why is so important to insure yourself as early in life as possible.