Reader question:

When I compare Clearwater FL life insurance rates, should I choose the option to get accelerated death benefits?

Lucy

Thanks for asking, Lucy.

If you are in good health and are just looking for the cheapest option when you compare Clearwater FL life insurance rates, then you might want to leave the accelerated death benefits box unchecked. Although some companies allow you to integrate this option into your policy for free, most companies will add a certain charge for the benefit.

Even when you’re paying extra, consider also as you compare Clearwater FL life insurance rates that the accelerated death benefits often have a cap placed on them. It’s very rare that you can get your enire death benefit before you pass away. Some companies cap this with either a certain percent of your coverage, and others with a dollar amount. Still other companies will indeed allow you to take out all of your coverage before you die, although in some areas they have to give this to you in payments by month.

take care,

Fashun