Such events of hardship may
include diagnosis of a terminal illness, bankruptcy, insolvency or sequestration.
Not exact matches
Yes, life insurance events can
include diagnosis of a
terminal or critical
illness, disability due to health, permanent disability, accidental death or the need for long term care, to name a few.
The Living Needs Benefit (
included at no extra cost) pays out a portion
of benefit upon
terminal illness diagnosis.
Accelerated Benefit Rider: The accelerated benefit insurance rider is
included at no extra cost and will help to cover your medical costs or nursing home care by allowing you to receive a portion
of your life insurance policy death benefit in the event you receive a
diagnosis of terminal illness or confinement to a nursing home.
Many term policies
include a
terminal illness rider or accelerated death benefit which allows a portion
of the coverage to be taken out early for the insured's use due to a
diagnosis of being terminally ill.
These
include such things as the
diagnosis of a
terminal illness, the need for long - term care or the onset
of a medically incapacitating condition.