Trendsetter LB (Living Benefits)
Trendsetter LB (Living Benefits)
This is a type of Term Life Insurance Policy with living benefits(LB). Most people buy life insurance to leave a financial legacy for those left behind, but what if you suffer from a heart attack, cancer, or stroke, and continue living? It could cause serious financial hardship for you or your family. That’s where Trendsetter LB comes in. Offering death benefit protection, up to $2 million, as well as living benefits, Trendsetter LB allows you early access to the policy’s death benefit in the event of a qualifying chronic, critical, or terminal illness while you’re alive.
PRODUCT FEATURES
Available ages**: 18-80
Coverage available: $25,000 to $2 million
Nonmed underwriting available: Through $2 million**
Choice of level term periods: 10, 15, 20, 25, or 30 years
Expedited Claims: Up to $25,000
AUTOMATICALLY INCLUDED
• Terminal Illness ADB
• Chronic Illness ADB
• Critical Illness ADB OPTIONAL RIDERS
• Monthly Disability Income Rider
• Income Protection Option (IPO)
• Disability Waiver of Premium Rider
• Children’s Insurance Rider
• Accidental Death Benefit Rider
Why Do You Need Trendsetter Living Benefits ?
Life insurance is an important way to protect your loved ones. But for many families the need for protection is increasingly due to costs associated with the rising incidence of illnesses like strokes, heart attacks, cancer and other chronic and critical illnesses. More families are dealing with the unexpected costs that illnesses such as these place on them and their families. Trendsetter LB is a life insurance product that provides cash to use for dealing with life’s unexpected twists and turns.
Product Features
Statistics show that large numbers of Americans may become terminally, critically or chronically ill every year.
- Every 40 seconds someone has a stroke1
- Every 34 seconds someone has a heart attack2
- The average cost of a severe heart attack, including direct and indirect costs, is about $1 million3
- 1 in 2 men and 1 in 3 women develop cancer in their lifetime4.
- Chronic and critical illnesses may result in the inability to perform activities of daily living such as bathing or dressing yourself without help or assistance.
While many of us have health insurance, medical bills continue to be a leading cause of bankruptcy in the United States. Life insurance with living benefits provides the option to access the face amount and receive cash while the insured is alive. The Accelerated Death Benefits can provide funds at a time that the insured and his/her family need them most.