New Term Life Insurance Policy With Benefits Launched

An insurance business in Horseshe Bay, TX, has announced that they have launched a new term life insurance policy with benefits. This is one of the only life insurance policies in the country that is able to benefit people while they are still alive, as it can pay out in the event of a critical illness.

"So many people are critically ill long before they die," says Curtis Drake from Choose Your Own Life Insurance. "People who suffer a stroke or heart attack, for instance, or who are diagnosed with terminal cancer are examples. Their loved ones have to wait for them to actually die before they are able to receive any financial assistance. We are proud to be different and to step away from traditional policies by offering people up to 90% of the death benefit in the event of critical illness."

It is estimated that people are three times more likely to suffer a critical illness at some point in their life than what they are to die prematurely. Yet, life insurance policies are only really of great benefit to those who do die prematurely. Those who apply for Term Life Insurance quotes through Choose Your Own Life Insurance will quickly find that, unlike with other insurance policies, they will be covered in the case of a critical illness, including strokes, heart attacks, MS, cancer, blindness, ALS, transplants and more.

"Our policy also makes arrangements for chronic illnesses, which is perhaps even rarer in the industry," adds Curtis Drake. "If someone experiences a chronic terminal illness, we will pay out as much as 90% of the death benefit. This money can be spent in any way the policy owner sees fit, whether they want to use it to enjoy the rest of their lives, or whether they want to pay off any debt, leaving their loved ones without any financial difficulties.

Statistics have shown that some 70% of people in this country will, at some point in their lives, require long term care. Within the Term Life Insurance With Benefits policy, a clause is included to help people with the cost of home health care, nursing home services and/or assisted living facilities.