Living Benefits Life Insurance
At Compass Health, we offer a variety of life insurance carriers and products to suit all of our clients’ needs. We have both term products with living benefits and indexed universal life plans for a tax free retirement.
What are living benefits?
- Life Insurance you do not have to die to use.
- Access up to 90% of your term benefits in the event of heart attack, cancer, stroke and other chronic illness.
- These funds are payable to you and may be used for whatever you may need. Many of which may not be direct medical costs.
- Car Payments
- Deductibles / Copays
- Non Covered Treatments
- Most Important Your Income
Many of us do not like to think of these scary life events but there is some statics every person needs to know.
- 1 in 2 men or women risk developing cancer
- Every 40 seconds someone has a stroke
- Every 26 seconds someone suffers a heart attack
- 3 out of 4 over the age of 40 will suffer a critical illness at some point in their life.
These are very scary numbers to look at for anyone. But really the worst ones can be the aftermath of this medical crisis. With medical technology moving forward by leaps and bounds each year most people survive these issues but their financial future may not.
- 62% of all Bankruptcies are due to a critical or chronic illness.
- 75% of these people have health insurance
- 48% of Businesses that fail are because of a critical illness
Our job is to make sure these things do not happen to you and your family by using living benefits as a part of your total protection plan. With living benefits you will be able to protect your family and assets to make sure when you do recover you still have a good financial future.
Tax Free Retirement:
Indexed Universal Life is a dual purpose product that will cover you for life insurance and a buildup of cash value that can be used to bolster your retirement income.
- Permanent Life Insurance
- Living Benefits
- Potential tax free retirement income
- Tax differed buildup of cash value
At Compass Health we pride ourselves on covering all of your families’ insurance needs. We can help design a plan that will incorporate everything you need in your insurance plans. Please come into one of our offices and talk to one of our licensed agents and they can go through all the options available for you.