Unfortunately a part of dying is the way you die. Many of us don’t die suddenly, we get told we have 6 – 12 months left and then have to manage those months the best way we can.
If you have life insurance, it will be paid out as soon as the Doctors diagnose that death is with 12 months.
However, many peoples Life Insurance Cover is not enough in the best of times and only just enough in a some cases.
So, here you are looking at making the most of your last 6 months and end up spending some of the Life Insurance payout on attending to your ‘Bucket List’ items.
Meaning there’s not much money left for the people it was meant for.
Of course, you might not spend the money on you, you may choose to just stay home and be miserable.
There is a solution… ‘Terminal Illness Booster’. This optional extra is available with most of the main Life Insurance companies and for a dollar or two at the most*, you have your death benefit payout increased by 25% when you are diagnosed with a terminal illness.
Meaning you can spend the extra money on your ‘bucket list’ and still have the original sum for your dependants.
Ask me for a quote to see what it costs to upgrade your Life Insurance to include a ‘Terminal Illness Booster’.
* depends on your age and health and smoking status