In today’s world, medical bills are one of the leading causes of financial stress and bankruptcy. In fact, medical bills account for over 60% of all bankruptcies in the US. A Go Fund Me campaign may seem like a great idea to help pay for medical expenses, but it’s not a reliable solution. According to a study by the National Bureau of Economic Research, only 20% of medical crowdfunding campaigns fully meet their funding goals.
A life insurance policy with living benefits can offer more than just financial security in the event of your death. If you have a qualifying condition, you can access the money in your life insurance policy and use it to pay for bills, alternative treatments, or anything you need, all tax-free. This feature can provide you with the financial support you need to cover your medical expenses and allow you to focus on your recovery.
Having a life insurance policy with living benefits gives you the peace of mind that comes with knowing that you have a plan in place to protect yourself and your loved ones. It’s a proactive approach to financial planning that can provide you with the financial support you need in the event of a medical emergency.
At our company, we understand the importance of having a comprehensive financial plan that includes life insurance with living benefits. Our team of professionals can help you determine the right policy for your needs and guide you through the entire process. Contact us today to learn more about how we can help you get the protection you need.
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