Hayward, CA – Buy and Die Life Insurance and why that is a bad idea | Life Insur…
The traditional life insurance industry also has experienced a similar upheaval with the introduction of Living Benefits. These benefits are also called accelerated riders and are offered by most of the big carriers as they see a market in providing something more than Buy and Die policies. This new family of accelerated riders allow the client to access the face amount of the policy at a discounted rate, usually 70 – 90 per cent in case of a medical condition that would prevent them from working. The payments are tax-free and can be used for anything, no restrictions.