Living Benefits

Living Benefits insurance is a unique kind of insurance. It pays the benefit to you while you're alive. This is different from life insurance - it pays the benefit to your beneficiary after your death.

Not only do insurance products benefit your estate, some of them are designed to meet your needs while you live. They give you the financial freedom to maintain your lifestyle or to obtain the care that you require. Here is a brief overview of such opportunities:

York Financial Group offers three types of Living Benefits insurance:

1. Critical Illness Insurance

   Getting sick isn't something any of us like to think about. But it happens. If it does, thanks to improvements in healthy living and medical science, there is a good chance you will recover and get on with your life. Visit our Critical Illness Insurance section for more information.

   But getting better costs money. Treating and coping with illness can mean significant and often unexpected costs.

   Critical Illness Insurance is designed to provide you with the peace of mind you need to deal with the unexpected and to get started on recovery as soon as possible. It provides a cash benefit if you're diagnosed with one of the 22 Covered Conditions or Early Intervention Conditions defined in your contract.

   What are the chances that you might develop life-threatening cancer or suffer a heart attack? If either of those occurs, your finances will be put to the test; your family may need to leave work to care for you, or you may decide to seek expensive private care.

2. Long-term Care Insurance

We all plan on being healthy throughout our lifetime, but sometimes getting older can prevent us from doing things that we now take for granted. Part of planning for your golden years means considering the possibility that you'll need long-term care.

It provides you with the service and support you need to maintain your day-to-day activities should a chronic illness or cognitive impairment keep you from being able to take care of yourself.

With advancing medical breakthroughs, there is a greater chance than ever that we will grow very old. With old age comes a strong possibility that we may not be able to care for ourselves. Many people will require special care, either from a specialized individual who visits you, or in a special care facility. In either situation, Long Term Care provides the means to pay for the necessary help, so that your family doesn't have to.

Not only do insurance products benefit your estate, some of them are designed to meet your needs while you live. They give you the financial freedom to maintain your lifestyle or to obtain the care that you require. Here is a brief overview of such opportunities:

3. Disability Insurance

The greatest asset most of us possess is our ability to earn an income. Why not insure such a valuable asset, which is worth much more than your car, house, and jewelry all put together? Also ask yourself how long your portfolio would last if you needed to create a lifetime income. A disability insurance policy will provide a tax-free income stream to replace your future earnings.