Life Insurance with Living Benefits FAQ – Plano, TX

➡ Life insurance with living benefits allows policyholders to withdraw part of their policy’s payout early if they meet certain health conditions. The remaining balance is paid to your beneficiaries upon passing.

✔ Provides financial relief for medical costs and loss of income
✔ Does not require repayment—it’s part of your life insurance benefit
✔ Offers flexibility for Plano, TX, and Texas residents who want added security

➡ Anyone looking for financial protection beyond traditional life insurance should consider a policy with living benefits, especially if they live in Plano, Dallas, or anywhere in Texas.

✔ Ideal for families who want extra security
✔ Essential for homeowners to protect mortgage payments
✔ Great for self-employed individuals in DFW & Texas who need income replacement

➡ Living benefits can be used if you experience certain medical conditions that affect your ability to work or live independently. Some qualifying conditions include:

✔ Chronic Illness – Unable to perform daily tasks like eating, bathing, or dressing
✔ Critical Illness – Diagnosed with cancer, stroke, heart attack, or major organ failure
✔ Terminal Illness – Life expectancy of 12 months or less

➡ Policies with living benefits may have slightly higher premiums than traditional term life insurance, but the added flexibility and protection make them a great investment for long-term financial security.

✔ Provides early access to funds without borrowing
✔ Protects your loved ones while ensuring you have support when needed
✔ Affordable options available for Plano, TX, Dallas, and DFW residents

➡ Term life insurance with living benefits covers you for a specific period (10-30 years) and is usually more affordable. Whole life insurance with living benefits provides lifetime coverage and builds cash value over time.

✔ Term Life – Affordable, set duration, ideal for temporary needs
✔ Whole Life – Lifetime coverage, cash value growth, higher premiums
✔ Both options available in Plano, TX, and across Texas

➡ In most cases, living benefits are tax-free since they are considered an early payout of the policy’s death benefit. However, it’s best to consult a Texas tax professional to understand how they may apply to your situation.

✔ Typically not taxed under IRS guidelines
✔ Provides financial flexibility without unexpected tax burdens
✔ Works best for Texas homeowners and families planning ahead

➡ Some policies allow coverage for those with pre-existing conditions, but the availability depends on your health, medical history, and the insurer’s guidelines.

✔ Some insurers offer customized coverage options
✔ Medical underwriting may be required for higher benefit amounts
✔ Get a free consultation in Plano, TX, Dallas, or DFW to explore options

➡ If you use a portion of your living benefits, your total death benefit payout to your beneficiaries will be reduced by the amount you withdraw. However, the remaining amount will still go to your loved ones when you pass away.

✔ You still have coverage after using living benefits
✔ Your family will receive the remaining policy payout
✔ No repayment required—it’s your policy benefit

➡ Getting coverage is simple! Follow these steps to secure financial protection for you and your loved ones.

✔ Step 1: Contact Doyle Assurance Group for a free consultation
✔ Step 2: Choose a term or whole life policy with living benefits
✔ Step 3: Complete an easy online or in-person application
✔ Step 4: Get approved and enjoy peace of mind knowing you’re covered

🌟 Serving Plano, TX, Dallas, DFW, and the state of Texas. Protect your future today!