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re: Life insurance question
Posted on 9/27/13 at 3:45 pm to BZ853
Posted on 9/27/13 at 3:45 pm to BZ853
Some policies have an accelerated death benefit rider-- most at no additional cost. They usually have separate tiers(i.e. critical illness, terminal illness, disability, etc). Different illnesses will warrant different accelerated benefits.
The downside is the policy is terminated after you accept the accelerated death benefit.
The downside is the policy is terminated after you accept the accelerated death benefit.
Posted on 10/20/13 at 9:35 pm to rpg005
Some policies have an accelerated death benefit and some you can sell- it is called a Viatical settlement. Every company is different- check and see what you have.
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