I am a CFP® Professional and have an MBA. I founded My Family Life Insurance to provide honest, trustworthy advice and economical insurance solutions to individuals, families, and business owners. Contact me if you have any questions. There is no risk! If I can't help you, you've learned a little more, and we'll part as friends. Seriously! Can your current agent say this?
As they say, “It’s all in a name.” In this case, the definition of disability in your policy determines whether or not you will receive benefits from your claim.
The definition of disability is the “heart” of your policy. It is critical you understand how the carrier views your disability. The carrier pays (or not) the disability benefit based on this definition.
Let’s see an example of how important it is to understand your policy’s definition of disability.
If you don’t know what the phrase “living benefits” means in the context of life insurance, don’t worry; we didn’t either as it was new to us at one point, too. “Living benefits” are benefits available to you during your life, rather than at death (very obvious 🙂 ).
In this article, we give a synopsis on life insurance with living benefits.
What are life insurance riders? Riders are additional benefits that are added to insurance contracts, usually at a fee. They can be valuable as they customize your insurance policy to your own, unique situation. We at My Family Life Insurance like riders for only the RIGHT reasons as you will see. In this article, we discuss, in our opinion, the best life insurance riders. Continue reading The Best Life Insurance Riders
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