Sarah, a 45-year-old single mother, has recently been diagnosed with a serious illness that makes it difficult for her to work. She has a life insurance policy with a full living benefit rider. This rider allows her to access a portion of her policy's death benefit while she is still alive under certain conditions. Sarah is concerned about her ability to cover medical expenses and maintain her household's financial stability during her illness. How can Sarah utilize the full living benefit in her life insurance policy to help manage her current financial situation, and what impact might this have on the death benefit that will eventually be paid to her beneficiaries?

by Subhi_cotocreator on Jun 27, 2023

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theintrovertgirl asked 188 days ago

Sarah, a 45-year-old single mother, has recently been diagnosed with a serious illness that makes it difficult for her to work. She has a life insurance policy with a full living benefit rider. This rider allows her to access a portion of her policy's death benefit while she is still alive under certain conditions. Sarah is concerned about her ability to cover medical expenses and maintain her household's financial stability during her illness. How can Sarah utilize the full living benefit in her life insurance policy to help manage her current financial situation, and what impact might this have on the death benefit that will eventually be paid to her beneficiaries?

Answer

181d

Anonymous

・answered 181 days ago

hey there By utilizing the full living benefit rider, Sarah can manage her immediate financial needs and medical expenses, thus ensuring her household remains stable during her illness.

Comment

181d

AshMegha

・answered 181 days ago

She should first be reading the policy carefully and look for every possible thing she can milk and if she's not able to do that she can always consult a professional to guide her through

Comment

180d

Kavya_r

・answered 180 days ago

read the policy carefully and see what the local government schemes are.

Comment

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