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Online Money Blog

Life Insurance Hidden Coverage

  • affagent13
  • May 20, 2016
  • 1 min read

When you think of Life insurance or when you take out Life Insurance, you may think of Death. RIGHT!

You may have given a lot of thought as to how to provide for your beneficiaries when you die. but did you think of your self as the beneficiary. Many people are not aware that Life insurance policies cover expenses while they are alive.

According to a report, life insurance can do a lot more than provide for your beneficiaries when you die. They can actually be a source for financing emergency health matters.

For example many life insurance companies will cover you if you have a chronic illness and become disabled. Because you cannot work and the medical bills are climbing, this is an ideal time for you to use some of this money. If you have a heart attack or cancer it is a good time to dip into those funds.

Some Life Insurance will cover:

  • Long term care expenses

  • Benefits if you are terminally ill

  • A source of cash if you are disabled

Some insurance companies will actually return all of your premiums if you've never made a claim and the term of the policy expires.

There are many others that you may not be aware of; this article gives you more on what one can expect through a life insurance policy.

When you are considering a Life Insurance policy, shop around for what is best for you. There are hidden coverage, but you must look for them

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