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Everyone has heard of life insurance, but have you heard of “accelerated benefit riders” (ABR)?

Life is full of the unexpected. From opportunities to accidents, you can never be 100% certain about how your day will go. However, you can do your best to prepare for whatever may come – and Pension Investors Corporation of Orlando can help.

Looking At The Facts

Being sick or getting injured jeopardizes your income. In particular, sudden and increasingly common illnesses such as stroke, heart attack, or cancer pose a greater threat. As the Center for Disease Control (CDC) reports, these three health issues are responsible for about 58% of deaths for those aged 45-64 years old.

What these statistics do not account for, however, are the people who suffer and survive. For example, heart disease is the leading reason that men and women die in the USA. And yet, of the supposed 920,000 who will experience a heart attack, an estimated 670,000 will survive. How, then, can the survivors of stroke, heart attack, and cancer protect themselves during recovery?

Accelerated Benefit Rider Details

The answer is through accelerated benefit riders for your life insurance: Specifically, ABR’s for critical, chronic, and terminal illnesses. The purpose is to provide aid in the event of the unexpected. These policies allow you the opportunity to apply for a part of your life insurance to be paid. When you first make a claim, it is investigated thoroughly, however, your options from there are dependent upon your carrier.

It is best to keep in mind that ABR’s are not meant to replace long-term care plans. While there are many benefits to such policies, it is also best to have a knowledgeable agent to assist you in selecting and understanding coverage. If you are in need of such assistance, contact Pension Investors Corporation today to find out more about how we can help you.