Self-employed workers looking for Living Benefits insurance in Calgary are invited to contact Freeborn Financial to learn more about the benefits of owning a Living Benefits rider on their insurance policy. It’s not always easy to obtain life insurance when you’re self-employed. Freeborn Financial makes it possible to obtain the coverage you need at an affordable price.
As a self-employed individual, the burden of obtaining life insurance rests on your shoulders rather than on a company who might otherwise provide those benefits to you as an employee. While it is natural for self-employed persons to think about health insurance and retirement as they age, it’s also essential to spend some time considering the aspects of life insurance.
Obtaining the correct type and amount of life insurance is key to providing for your family in the event that something should happen to you. The wrong type of amount may provide for your family in some way, but may not meet all of their needs at a time when they will be depending on what you have put in place for them.
Self-employed Living Benefits insurance through Calgary agency Freeborn Financial will provide you with exceptional peace of mind in the event that you are diagnosed with a terminal ill condition. Owning a Living Benefits rider on your policy will provide you with the means of requesting your policy benefit while still living. In fact, this type of policy provides the owner with the ability to request a payout to themselves rather than their beneficiary.
Living Benefits Life Insurance will pay out to you in the event that you are:
- Terminally ill and have been diagnosed with 12 months or less to live. You can receive a portion of your death benefit or your benefit in its entirety, depending on the wording of your rider.
- You are critically ill, in some cases, having suffered through or diagnosed with a serious medical condition, such as cancer, a heart attack, a stroke or other illness of this type. Freeborn Financial can let you know if their Living Benefits rider covers this type of condition.
- You are chronically ill and unable to perform certain basic activities. Again, speak with a specialist from Freeborn Financial to determine if this rider will meet your need.
Living Benefits Insurance is often referred to as accelerated benefit insurance. It does not affect the amount being paid on your policy, it only affects when it’s paid out. Your policy may pay out a portion or the entire benefit at the time when you’ve been diagnosed with a condition. If it pays out a portion, the balance will be paid out to your beneficiary upon your death.
A friendly and knowledgeable agent from Freeborn Financial can assist you in determining the right type and amount of coverage to fully meet your needs. If you’ve been searching for affordable self-employed Living Benefits insurance in the Calgary area, make a call to 403-238-0238 today to find out more. Self-employed Living Benefits Insurance Calgary