Posts tagged Nursing Home
Life Insurance For the Living

Pt 2: Chronic Illness

In the first article of this series we learned that Living Benefit Riders are additions to a life insurance policy that allow the policy owner to accelerate a portion of the Death Benefit during their lifetime in the event of a qualifying emergency.  Holistically designed life insurance plans coordinate Living Benefit Riders that provide access to tax-efficient emergency funds by “accelerating” some or all of the policy’s Death Benefit.  In this article we will continue to explore the ways in which Living Benefits are utilized and the real world application of these features.  For this conversation, though, the emphasis will be finding the most tax-efficient manner to provide for Long Term Care and discuss the different options commonly available to today’s federal employees.

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