Texas Company Introduces New Life Insurance You Don't Have To Die To Use

Life Insurance With Benefits, based in Horseshoe Bay, TX, has announced that they have introduced a new type of term life insurance. The No Exam Term Life Insurance comes with living benefits, which essentially means policy holders can enjoy its benefits while they are still alive. The new insurance is already proving to be very popular.

Curtis Drake from Life Insurance With Benefits explains: "Basically, this is life insurance you don't have to die to use. In the past, people would not receive any benefits if they suffered from a long term or a terminal illness, which would lead to tremendous financial distress. We now broker for term life insurance that includes benefit payments in cases of terminal illnesses, including heart attacks and cancer."

To explain the benefits of their no exam life insurance, the company has released a number of statistics on the prevalence of terminal and serious illnesses in this country. Research studies have demonstrated that someone has a stroke every 40 seconds, is diagnosed with cancer every 30 seconds and suffers a heart attack every 44 seconds. If these people don't have term life insurance, they will not receive any benefits even if they survive and find themselves unable to earn an income.

"If you buy a term insurance policy with living benefits and have a major stroke, you could receive a check for a certain percentage of the face value," adds Curtis Drake. "If you buy a policy without living benefits and have a major stroke you get nothing. Both policies will pay the same amount if you die, which is the face value, but only the policy with living benefits will pay you for a major illness and do it for no additional cost. With that there is no reason to buy a term life insurance policy without living benefits."

Another interesting aspect is that the company offers term insurance with no medical exam. This means that anybody is eligible for the policy, without having to go through complex, and often expensive, medical checkups. As such, the policies they are able to find offer twice as many benefits as regular policies.