Living benefits
Hello good people. I am 34 y/o and looking for a life insurance with good living benefits- chronic, critical and terminal care coverage. I am mainly interested with the living benefits because of my family history of cancer. I’m not really keen on using it as an investment vehicle because I do have 401k and am starting to contribute to my Roth IRA. I do not have children/dependents and don’t have any major debt/ loan other than my mortgage which I share with a co-owner. I know most people recommend term insurance because you can have more coverage at a cheaper price. But like I said, the living benefit is my priority and (please correct me if I’m wrong) I don’t really know of a term insurance with those riders so if you do, please let me know. So I spoke with an agent who quoted me an IUL with 250k initial face amount with increasing death benefit coverage, terminal, long term care and critical illness riders at a premium of 200 a month. By the time I am 65 y/0, the death/living benefit would have grown to 380k. Is this a good deal? Any helpful advice would be much appreciated!
submitted by /u/Humble-Curve3835
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