Did you know life insurance can do this?
The right life insurance policy can benefit you during your lifetime and offer helpful options you may not know about:
“Permanent” life insurance policies let you access funds while you’re still alive. They accumulate cash value which can be borrowed like a loan and paid back later, or “cash surrender” value that lets you cancel and cash out your policy.
Accelerated death benefits let you receive cash advances against the death benefit in the unfortunate event that you’re diagnosed with a terminal illness. These funds can be used toward treatments and other costs you may have now.
Guaranteed insurability riders give you the option to increase the amount of coverage under your policy several times without having to apply again or take a medical exam.
Disability premium waivers can pay your policy’s premium if you can no longer work because of a disability, which helps ensure that your policy stays in effect.
(And all of this is on top of the great benefits that life insurance will provide to your loved ones when you’re no longer around.)
Everyone's situation is different. This is intended to get the conversation started. Call the friendly agents at Mylo to get a recommendation customized to your specific needs.Get a Quote