Health Insurance 4 Everyone Blog

Do you own a Wisconsin life insurance policy? Only about half of the entire United States population has life insurance according to the  Life Insurance Management & Research Association (LIMRA). Life insurance is a vital part of keeping your death from burdening others financially. While shopping for the right policy for you, ask your agent to be on the lookout for some of the following features:

• 1. Policies that include waiver of premium underwriting may allow you to stop paying premiums if you are disabled by an injury or illness.

• 2. With a long-term care rider, you may be able to give up part of your death benefit in exchange for financial assistance with paying for long-term care.

• 3. Mortgage protection can help you avoid foreclosure by paying off your outstanding loan balance with a portion of the death benefit.

• 4. Individuals faced with terminal illnesses can benefit greatly from having an accelerated death benefit feature include in their policy. This may allow you to receive cash to help pay for medical treatment and living expenses during the time you have left.

A Wisconsin life insurance policy does not have to break the bank to be worth its weight. You and your agent can estimate the amount of coverage you need by adding up your current debt, considering your annual income and family’s future needs, and the average cost of a funeral.

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