RISK 2

Serious Illness Risk

The good news is that Baby Boomers are living longer than the previous generation. The bad news is, they aren’t necessarily living healthier.

Did you know that a life insurance death benefit could help while your clients are living? An accelerated death benefit can provide cash for a serious illness without liquidating assets. It allows the policy owner to receive a portion of the death benefit if the insured has a qualifying illness.1 Plus, it’s an unrestricted benefit – the money can be used for any purpose.

How do your clients plan to pay for extended care for a chronic condition or the high cost of treatment if they are diagnosed with a critical illness like cancer?

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Source: Center for Disease Control and Prevention. Health, United States, 2014. (April 2019) With Special Feature on Adults Aged 55‑64.

Key Point

People are living longer, but not necessarily healthier.
Would your clients need to liquidate assets to pay today’s high cost of care?