Almost Half of Your Clients Could Need Care at Home
Share the importance of living benefits with your clients
42% of people will pay to receive care at home at some point throughout their life.1
Accelerated funds from a life insurance policy can be used for any purpose – including paying for care at home.
North American’s life insurance includes accelerated death benefit endorsements on all products, which allows your clients to access a portion of the policy’s death benefit while they’re living.2
Need help sharing the importance of living benefits with your clients? Turn to North American’s client-friendly content.
1. Source: LongTermCare.gov ‘How Much Care Will You Need’ https://acl.gov/ltc/basic-needs/how-much-care-will-you-need February 2020
2. Subject to eligibility requirements. An administrative fee is required at time of election for the Chronic or Terminal illness benefit. There is no administrative fee when the Critical Illness benefit is elected. 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.