Sep 29, 2012 - 4:13 pm
I am curious if anyone that is stage four have any experiences with term life insurance through their employment that provides "living needs benefit", sometimes called "accelerated death benefits" ... I know that sounds morbid, but it seems that it is option whereby one can request a certain percentage of their life insurance benefit while they are living to help pay for medical expenses or anything they might need if they have been diagnosed with a terminal illness. I saw it mentioned on a breast cancer site that some women have taken advantage of this option. It seems even if they live longer than the "expected life expectancy of 12 months" there are no consequences like having to pay the money back, etc.
Any experiences would be appreciated. Thank you and best to all.