seguro de vida con beneficios en vida

YOU DON'T NEED TO DIE TO USE YOUR LIFE INSURANCE.

The additional benefits clauses (accelerated benefits riders, ABR) are optional clauses, without additional cost, that may allow you to obtain access to all or part of your benefit for death, in life, if you suffer from a terminal illness, chronic or critical, or a critical injury.

Since the benefit has no restrictions, once you qualify, you can use it for any reason. The benefits may be used, among other reasons, for the following:

  • Home spends.
  • Daily care center for adults.
  • Modifications in the home.
  • Usual invoices.
  • Residential care for the elderly.
  • Expenses related to the quality of life.

HOW DO LIFE BENEFITS WORK?

For many years, insurance was contracted to provide protection through a death benefit to surviving family members. However, the insurance did not help when the insured was prostrated by a critical, chronic or terminal illness that weakened him. Now you have the possibility of accessing part of the death benefit of your life insurance in case of suffering an illness that meets the requirements and cannot work.

The additional clauses of accelerated benefits for critical, chronic and terminal illness can provide the full acceleration of your life insurance policy or a partial benefit that allows you to keep the rest of the policy. If you opt for partial benefit, you have multiple partial benefits. For example, if you accelerate 25% of the death benefit, you would maintain 75% and could access this later, if necessary.

The partial or full accelerated death benefit can be paid in a single amount or can be applied to an annuity that provides income during a specific period.

Life Insurance with living benefits provides benefits when they are need the most– helping to fill the gaps a health insurance policy doesn’t cover, especially non-medical expenses, such as mortgage, car, food, etc.

Experiencing a terminal, critical, or chronic illness leads to increased expenses and decreased income. Once your expenses reach a number higher than your income, you begin creating debt.

Living Benefits are the safety net that GoldenTrust provides for its clients. Most folks purchase life insurance to provide financial security, through the death benefit paid at the time of their passing. GoldenTrust believes that it makes sense for the benefits to extend and be available for the difficult financial times they have to face if a chronic, critical or terminal illness precedes death.

Experiencing a terminal, critical, or chronic illness leads to increased expenses and decreased income. Once your expenses reach a number higher than your income, you begin creating debt. Living Benefits are the safety net that GoldenTrust provides for its clients.Most folks purchase life insurance to provide financial security, through the death benefit paid at the time of their passing. GoldenTrust Insurance believes that it makes sense for the benefits to extend and be available for the difficult financial times they have to face if a chronic, critical or terminal illness precedes death.

The Industry calls it an “Accelerated Death Benefit Rider”. We simply call the Living Benefits. 

Most of us are in this profession because of a sincere desire to help others in a manner that is both unique and timely. Living Benefits is one of the reasons why the GoldenTrust family of agents is so passionate about what we do every day.

The Smartphones of Life Insurance

WHAT DO THE LIVING BENEFITS COVER?

HOW LIVING BENEFITS WORK FOR TERMINAL ILLNESS

Imagine for a moment that you go to the doctor for a routine visit and the doctor tells you that you have a maximum of six months to live. Think carefully about that. He would feel as if a mule had kicked him in the stomach. It would be like sitting on a bench and being suddenly removed by someone. And that same feeling will experience every member of the family and every friend that has. How would I face it? And how would you deal with not being able to work for your family again? Not being able to pay all the extra medical bills that will come in addition to the daily expenses of life? Instead of being a provider for your family, your family becomes your provider. How do you pay for all that?

Your life insurance policy can pay living benefits if you are diagnosed as being terminally ill and have less than 12 months to live (24 months in some states). These benefits may be used at your discretion for experimental medicines, operations or treatments; to prepare for your final expenses or for any other reason you wish.

What situation qualifies?
Usually, when you have been diagnosed with a terminal illness that will lead to death within 24 months after a doctor has certified the disease.
How to receive the benefit?
The benefit payment will be made in a lump sum. While there is no waiting period or annual benefit limit, there is a lifetime limit on the amount of benefits you can receive with respect to all the additional benefit clauses.
Available if you need it
You can choose the following:
• Request all the advance, subject to a discount, and use the lump sum as you wish.
• Choose to leave intact a part of the death benefit of the policy and receive a partial benefit.
• Choose to leave the entire policy intact for your beneficiary.

CAN LIVING BENEFITS BE USED FOR CHRONIC ILLNESS?

What situation qualifies?
That a doctor has certified, in the past 12 months, that you can not perform two of six “activities of daily living” for at least 90 consecutive days without assistance, or that you present a hardship cognitiva.
Activities of daily life
1. Bathing
2 Control sphincters
3. Dressing
4 Eat
5 Sanitize
6. Relocating
How to receive the benefit
Generally, the additional clause must be valid for two years.
There is an annual limit on the amount of benefits that can be received.
There is also a lifetime limit on the amount of benefits that can be received. You can receive respect for all additional benefits clauses in advance.
Available if you need
It should be noted that you do not need to be in a licensed center to receive payments and you can apply for benefits every 12 months.
Benefits can be used for any reason (except in 1 state) and do not need to be used for medical expenses. If needed, and if you qualify, after the waiting period, you can do the following:
• Advance parts of your death benefit every year to receive benefit payments
• Leave the policy intact for your beneficiary.

HOW ABOUT FOR A CRITICAL ILLNESS?

In 2016, almost 800,000 Americans between 35 and 64 years of age were hospitalized3. Not only older Americans are susceptible to critical illness. Young people also suffer from cancer, heart attacks and strokes. The same problems can arise regardless of whether you are young or older. He may become unable to work full-time, force family members to miss work to attend to him, and face expensive medical bills. Where will the help come from?

Living benefits may be paid, should you suffer from a triggering ailment such as cancer, heart attack, stroke, Lou Gehrig’s disease (ALS), blindness due to diabetes, kidney failure or major organ transplant, and more!

What condition qualifies?
Critical illness includes the following:
• Amyotrophic lateral sclerosis (ALS) (Lou Gehrig’s disease)
• Graft aortic surgery
• Aplastic anemia
• Blindness
• Cancer
• Cystic fibrosis
• End-stage renal failure
• Myocardial infarction
• Replacement of heart valve
• Main organ transplant
• Motor neuron disease
• Stroke
• Sudden cardiac arrest
Critical session includes the following:
• Coma
• Paralysis
• Severe burns
• Traumatic brain injury
How to receive the benefit
The discount benefit you receive as a result of The additional clause for critical illness or critical injury takes into account four different categories, depending on the severity of the disease:
Less Moderate Severe Potentially fatal: The highest payment will come from the Potentially fatal category.
In general, the additional clause must have a validity of 30 days before diagnosis co so that benefits can be advanced.
In addition, any claim for benefits for a particular qualified event must be submitted within 365 days after the occurrence of such qualified event. While there is no annual limit, there is a lifetime limit on the amount of benefits you can receive with respect to all the additional benefits clauses.
Available if you need it
You can choose one of the following:
• Request all the advance, subject to a discount, and use the lump sum as you wish
• Choose to leave part of the death benefit intact and receive a partial benefit
• Choose to leave the entire policy intact for your beneficiary.

Certainly, having disability insurance and / or long-term care insurance is ideal for such situations and everyone should consider it, but not everyone can afford to contract such coverage or keep it in force for the rest of their lives.

For those people who need life insurance coverage and seek protection in the case of chronic, critical and terminal illnesses, additional accelerated benefits clauses may be an option to provide an extra financial resource if someone is affected by a disease that meets the requirements and that generates a very reduced life expectancy.

Additional accelerated benefits clauses can be a safety net if a disease that meets the requirements and generates a significantly lower life expectancy arises.

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