Senz Insurance Agency Inc. is pleased to serve the Beloit, WI, area with a range of loss prevention and insurance products. Our focus is on auto, home, life, and even business insurance.
Of those, life insurance may be considered the most straightforward. However, many life insurance policies have hidden benefits that many are not aware of. Here is a closer look.
Accidental death benefits.
Many life insurance policies will pay a multiple of their death benefit should death occur by accident.
Loss of sight or limbs.
Some life insurance policies provide benefits should the insured suffer the loss of a limb or vision. Most aren’t aware of this hidden benefit.
Waiver of premium benefit.
A waiver of premium benefits takes over the premium payments for an insured when certain conditions, like a disability, occur. This can be very valuable should an accident or illness make it difficult to keep up with life insurance premium payments.
Guaranteed insurability.
Some life insurance policies may contain a provision that guarantees the insured can purchase additional coverage even if health issues may otherwise prevent it.
Cash value.
Whole-life insurance or permanent insurance may build cash value as the years pass. This value can be tapped into in the future for opportunities or to overcome financial challenges. It can also be used to purchase paid-up insurance.
Get a life insurance policy review.
Does your current policy offer any of these benefits? We can let you know with a free life insurance review from Senz Insurance Agency Inc. of Beloit, WI. If you currently don’t have life insurance or if coverage is inadequate, we can also help with a price quote. Reach out to us today and enjoy life insurance’s benefits and peace of mind.