Another Way to Protect your Client’s Priorities
You work hard to protect your client’s priorities with life insurance, which can provide a death benefit in the event of an unexpected death. But what about an unexpected illness?
Not everyone is prepared for the high costs that may come with certain illnesses, and that could place your client’s priorities and their finances in jeopardy.
Accelerated death benefit endorsements for critical, chronic, and terminal illness (CCT)1 are available on most North American products for no additional premium.1
CCT can offer another way to protect your client’s priorities, and help them mitigate the financial risk of a qualifying medical condition that could otherwise derail their financial strategy.
Did you know?
- The cost of a private room in a nursing room is $102,200 per year.2
- In the United States, 60 percent of adults have a chronic disease and 40 percent have multiple chronic diseases.3
- One-third of all deaths in the United States are caused by heart disease, stroke, and cardiovascular diseases.4
Explore our living benefits page
Eager to learn more? Visit our page for agent resources and client-friendly materials.
1. Subject to eligibility requirements. The death benefit will be reduced by the amount of the death benefit accelerated. Since benefits are paid prior to death, a discount will be applied to the death benefit accelerated. As a result, the actual amount received will be less than the amount of the death benefit accelerated. There is an administrative fee when the accelerated death benefit payment is made.
2. https://www.genworth.com/aging-and-you/finances/cost-of-care.html
3. Source: Centers for Disease Control and Prevention. Retrieved June 13, 2019, from https://www.cdc.gov/chronicdisease/about/index.htm
4. Source: Centers for Disease Control and Prevention. Retrieved August 21, 2019, from https://www.cdc.gov/chronicdisease/resources/publications/factsheets/heart-disease-stroke.htm