The Role of Life Insurance

Life Insurance is design to prevent and keep individuals and family from financial hardship. Death may strike anyone prematurely at any time. When death takes the life of a family provider, surviving family members often suffer financial hardship as they are left without adequate income or the means to provide even the basic necessities. This unfortunately happens to thousands of families every day. As tragic it may be to loss a love one, statistics tells us that the major of people will get sick with a critical illness first and then eventually die. Therefore, one must also protect themselves and families from the financial hardship that one experiences when their income stops due to critical illness and they can no longer work for an extensive period of time and is mostly like to happen to a person. While modern medicine is saving lives physically, inadvertently, they are destroying lives financially. Due to the advancement in medicine and medical technology, 7 out of 10 people who experience a critical illness will survive and live 3 or more years.

Life Insurance Has Changed

The insurance industry has recognized this and only a few insurance companies has step up to the plate and introduce Living Benefit Life Insurance. This is a new type of Life Insurance that if you Die too Soon, Get Sick with a Critical, Chronic or Terminal Illness. This new type of insurance will not only pay out a death benefit if you should die too soon, but it will pay up to 90% of your death benefit if you should get sick with critical, chronic or terminal illness. A given the latest alarming statistics where 1 out of every 2 men and 1 out over every 3 women in the United States will be diagnosed cancer. A woman is diagnosed with breast cancer every 2 minutes in the United Stated and a children every 2 minutes worldwide. Heart Attack is now the leading cause of death for both men and women and stroke the third leading cause for men and fifth for women. If there has ever been a time for people to get this new type of insurance is certainly now given the data.

Ironically, even with these alarming statistics, people are living longer, and many Americans face the unpleasant prospect of outliving their income. The retirement vehicles that have been made available to Americans are no longer viable. The risk associated with losing a substantially part of your retirement nest is not something that that average American afford. When you analyze and take into consideration the market risk that one takes just to potentially have high gains are just not worth it; and not to mention the excessive annual fees and unpredictable future taxes, which can drain your account by more than 60%.

However, now for the very first time, there is a better way to save you, you can avoid losses and still have market gains and avoid the tax man and have a tax-free Income for life and never run out of money.

There are few tax-free vehicles today, but none better than contributing to your retirement within an Index Universal Life Insurance contract, guaranteed by insurance companies to give you a tax-free income for life at retirement. It’s the greatest wealth and preservation accumulation vehicle of our time. This new way to save for retirement gives you the peace of mind that you won’t lose your money, while still receiving some of the market gains. Because you are using the indexing method within a life insurance contract, it you get the bonus of been awarded a life insurance death benefit that includes living benefit that allows you to accelerate up to 90% of your death benefit if you should happen to get sick with a critical, chronic or terminal illness. You get all three benefit, die to soon, get sick along with the way, or live too long, doesn’t matter, you have one product that gives you the protection and peace of mind that you and your family deserve and need and protect what matters the most.

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