Life Insurance with Living Benefits
Life insurance with living benefits provide both critical financial support after death but also has a cash value that is accessible during the covered individual’s lifetime. This value can be used to supplement retirement benefits or borrowed against for major purchases. Unlike term life insurance that has a limited term in which benefits can be paid, whole life, universal life and other cash value life insurance products build value over time and can include riders such as living benefits or accelerated benefits that allow those who are critically ill or otherwise in need to access their benefits to offset their medical bills and other expenses.
Sofi Insurance Services offers comprehensive insurance solutions for people from all walks of life. You are an individual, and your insurance needs are as unique as you are. We will work with you to identify your options and find the best living benefits life insurance plans to meet your needs. We even offer easy-to-use comparison tools so that you can find the plan that is most affordable for you while still featuring all the benefits you want.
Living Benefits Life Insurance
One of the biggest benefits of life insurance with living benefits is that these policies tend to have steady premiums that do not change over time. Unlike other forms of insurance, the premiums usually stay the same throughout the life of the policy, which continues until the policyholder’s death. These policies also include dividends or interest. The size of the dividends can vary based on many factors, and they can be paid out much like any other investment, they can be used to reduce the annual premiums or they can be reinvested into the cash value of the policy.
Life insurance policies are designed to restore your income after death and provide critical financial protection to your family, loved ones and beneficiaries. A permanent life insurance product can give you the tools you need to do this easily, affordably and in a way that fits your life. Sofi Insurance Services is committed to helping you understand your options and finding the best living benefits life insurance policy for your needs. Contact us today to learn more.