Posts by tag: living care benefit

What is a living care benefit in life insurance?

Life insurance policies with living care benefits provide financial security and peace of mind to policyholders and their families. This type of policy pays out a lump sum or regular payments to the policyholder or their family if they are diagnosed with a serious illness or condition which requires them to receive long-term care. This money helps to cover the cost of care, enabling the policyholder to focus on their health and wellbeing without worrying about how to pay for the care they need. Living care benefits are an invaluable addition to life insurance policies, ensuring that the policyholder and their family are financially supported during difficult times.