For most us term life insurance is that one thing we know they need, but don’t want to talk about. We know we need it and invest in it, but often it is money we know will be paid out to our kids, spouses or grandchildren after we’re gone. That isn’t necessarily the case with NonMed Term 350 Life Insurance.
Although it is term life insurance, and provides for your loved one’s after you die, it isn’t your typical term life policy. Say for example you purchased the policy and outlive the term; with this policy you can convert some or all of your term coverage to permanent insurance, which then accumulates cash value. That cash value means you have an asset you can use when you need it, say to help pay for college loans, mortgage payments, or other expenses, should you get sick or injured unexpectedly.
You have options and choices with this policy that other term life policies don’t allow, like living benefits. Living benefits allow you to use your death benefit even though you’re still living. It is an automatic benefit you have in the case of terminal illness and to pay for nursing care; but those benefits are there to give you peace of mind and keep your family from bearing the added financial burden.
Those are two built in benefits, but you can decide on other options that will help protect your income throughout the duration of your policy. The NonMed Term 350 Life Insurance policy can also act as Critical Illness Income Protection, Disability Income Protection or you can opt for a Return of Premium policy. You have flexibility of coverage. You can also add term life for your children and spouse, or a business partner to your policy.
The best part about the policy is it is affordable, and it protects your income. Term life insurance is necessary. It provides for final expenses, helps pay off debt and provides for your loved ones after you’re gone, but the NonMed Term 350 Life Insurance policy gives you some flexibility and control while you’re living, too.
When you call (800) 564-3136 and speak to one of the professional AC Financial advisers, they will help you make some of those important decisions about how to structure your term life policy.
