![]() ![]() Some insurers offer this same feature if you become chronically or critically ill. If you become terminally ill, an accelerated death benefit allows you to access your death benefit while you’re still living. We find that the best term life insurance companies offer an accelerated death benefit, which is a type of living benefit. For example, a waiver of premium rider will waive your life insurance payments if you become disabled in the future.Īsk About the Policy’s Accelerated Death Benefit Life insurance riders that give you the flexibility of customizing a term life policy.For example, an accelerated death benefit will let you take money from your own death benefit if you develop a terminal illness in the future. Living benefits that offer the option of accessing your death benefit for various reasons while you’re still living. ![]() You’ll be glad you have this feature in the future if you develop health problems and decide you want to extend your life insurance coverage. A term life conversion feature allowing you to convert the term policy into a permanent policy in the future.Here are some term life coverage features we recommend considering when shopping. But don’t focus solely on price or you may sell yourself short on finding the best term life insurance policy and insurer for your needs. Yes, cost is very important when selecting a life insurance policy. Consider Coverage Features in Addition to Cost We suggest comparing life insurance quotes from multiple companies so you’ll be able to identify the true best value. Your age and health play a substantial role in your term life insurance quotes and the coverage available to you. Compare Quotes From Multiple Life Insurance Companies Here are some tips we recommend for finding the best term life insurance coverage. While price is an important factor, it is not the only one. When you’re shopping for term life insurance, it may be tempting to look only at the prices offered. Compare quotes from participating carriers via ![]()
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