Living Benefits are insurance benefits paid to you while you are still living, rather than paid to a 
beneficiary or survivor when you die.
There are three types of insurance that come under Living Benefits:
- Long Term Care Insurance
- Critical Illness Insurance
- Disability Insurance
Long Term Care (LTC)
Provides funds to cover the cost of health services when the insured is unable to perform activities by themselves as defined in the contract such as:
- Use the bathroom or shower
- Climb out of bed
- Get dressed
- Eat breakfast
Parkinson’s, Alzheimer’s, Severe Stroke and Cancer are just some examples of illness that can necessitate Long Term Care.
Critical Illness Insurance
Specifically to help offset the unexpected costs that can arise if you’re diagnosed with a critical illness.
Some of the 23 covered conditions include:
- Cancer
- Heart attack
- Stroke
- Coronary artery by-pass surgery
- Alzheimer’s Disease
- Parkinson’s Disease
- Severe Rheumatoid arthritis
- ALS Lou Gehrig’s Disease
Life Insurance pays money to your beneficiary. Critical Illness Insurance pays money to you!
Disability Insurance
In the event of a disability, your financial plans can be thrown into jeopardy. Your ability to earn income may be compromised, and your ability to pay bills and save for retirement may all but disappear.
Insuring against the unexpected is an important component of sound financial planning. It’s second nature to insure your belongings against fire, theft and damage, and to obtain life insurance to protect your loved ones in the event of your death.
But, when it comes to your health, Disability and Critical Illness Insurance are typically overlooked.
Braun Financial Services is able to offer Long Term Care, Disability and Critical Illness Insurance from the major carriers. If you are interested in receiving more information contact us.