Most people are aware of some obvious benefits of life insurance. It can help provide financial security for your family, pay debts, take care of final expenses, and more. There are other benefits that Mogul Agency Services, serving the Newburgh, NY region, would like you to know about.
Four Overlooked Benefits of Life Insurance
Possible Waiver of Premium
Many life insurance policies may have provisions requiring the insurer to waive or cover the premiums if the owner becomes disabled.
An Increase in Benefits Should Death Occur by Accident.
An accidental death benefit can pay a multiple of the coverage amount should death occur through an accident. This could be two times or more of the face amount.
Loss of Limbs or Eyesight Benefit
Some policies will pay benefits should the insured lose a limb, limbs, or eyesight. This benefit is usually a flat sum or a portion of the face amount.
Cash Value
Whole life insurance or permanent life insurance may build equity over time. This equity can be tapped into through a low-interest loan or cashed in when challenges or opportunities present themselves in the future.
Life insurance can also provide peace of mind, a significant benefit that should not be overlooked.
Get a Life Insurance Quote Today
There may be more to your life insurance coverage than first meets the eye. If you live in Newburgh, NY, we invite you to call or click for a life insurance policy review or quote to protect your family’s future. Contact us at Mogul Agency Services. The life insurance coverage and the service you deserve.
We look forward to assisting you.
