Find the Best Living Benefits Specialist in Calgary 2019


Are you looking for the Best Living Benefits Specialist in Calgary in 2019? While there are a number of Living Benefits Specialist, they all have their own unique quality and expertise. For this reason we have set out to help you in choosing the best one to meet your needs. What is their specialty? What experience do they have? How responsive are they to your needs? After careful consideration, here is our choice.

SmartGuy® 2019 Best Living Benefits Specialist in Calgary AB Canada is to be determined...

What to look for when shopping for Living Benefits Insurance?

Living Benefits Insurance coverage, also known as living insurance, allows you to have access to cash payouts while you are alive. This coverage helps you if you have a chronic, critical or terminal illness. It covers your medical expenses or other expenses for special needs. It is considered an accelerated benefit and goes into effect when the insurance company begins to pay you.

Permanent Life insurance, also known as death insurance, pays its cash benefits out after your death.

You are not limited to getting Living Benefits Riders just for permanent Life coverage. You can get a Living Benefit Rider attached to your Term Life Insurance policies. Term insurance coverage is for a specific time range, and at the end of the designated time, the policy ends, with no benefits paid. Unlike term life, your permanent life policy accrues a cash value during your lifetime, and you can borrow against this cash value. 

You qualify for a Living Benefits coverage when:

  • Critically ill: If you are diagnosed with a heart attack, stroke, cancer, or any crippling illness.
  • Chronically ill: If you cannot perform normal daily routines and need help; such as, getting out of bed, bathing yourself, preparing your meals, or feeding yourself and other routines healthy individuals take for granted. A Life Benefits Specialist would be able to help you determine if you qualify. 
  • Terminally ill: If diagnosed with a terminal illness, you will be granted a cash payout prior to your death to help with medical expenses. Your Life Benefits Specialist will help you decide on other reasons for the accelerated cash advance.