The purpose of life insurance is to keep the insured financially safeguarded against any eventuality; however, many people have the idea that only a third party can enjoy it, and only after their death. However, this is completely false; there are benefits in life that you can enjoy from your insurance policy.

The beauty of life benefits is that the insured has access to benefits to help offset increased expenses and decreased income in the event of illness and/or accident. This in turn, in most cases, allows you to maintain the gap between your expenses and your income.

Benefits in life that you can enjoy from your insurance policy

• In case of serious illness or cardiac arrest, you can activate the critical illness clause; It consists of using the money to cover medical expenses and/or hospitalization. It is important that when purchasing an insurance policy, you carefully review the clauses of your contract with your trusted insurance broker.
• In the event of a terminal illness, you can notify your insurer and request to enjoy your compensation in life. (Certain conditions apply) and it will depend on whether your contract has such a stipulated clause.
• If you are an older adult with a chronic illness, you can request the activation of the chronic illness clause and pay for your treatment; or if you are or want to stay in a nursing home, you can pay for your stay there.

There are many benefits that you can enjoy in life, everything will depend on what your policy contract stipulates and comply with the corresponding clauses for the activation and use of your policy. For this, you should seek advice from an insurance broker or your trusted lawyer, who will help you choose the policy that best suits you and ensure your rights when you want to use it.