Life Insurance That Can Do More

Life insurance is most often associated with providing financial protection after someone passes away. Today, certain policies may also include living benefits that can help during a qualifying serious illness or medical condition.

At Palmetto Assurance, the process begins by understanding your family, financial responsibilities, health and long-term goals. From there, we explore solutions from multiple insurance companies and explain the differences in clear, practical terms.

Protection for Your Family

Life insurance can help your loved ones:

• Replace lost income 
• Pay a mortgage or other debts 
• Cover education and everyday expenses 
• Address final expenses 
• Preserve financial stability during a difficult time

Living Benefits

Some life insurance policies include accelerated benefit riders that may allow the insured to access a portion of the policy’s death benefit following a qualifying critical, chronic or terminal illness.

Depending on the policy and situation, these benefits may help with medical expenses, household bills, lost income or other financial needs. Qualifications and available benefits vary by policy and insurance company.

Accelerated benefit riders are subject to eligibility requirements and policy terms. Benefits may reduce the policy’s death benefit and cash value and may have tax implications. Availability varies by policy, insurance company and state.

Finding the Right Fit

There is no single policy that works for everyone. We’ll help you compare term and permanent life insurance options, understand available riders and determine which features fit your needs and budget.