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Life Insurance with
Life Benefit

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At DanicaWe understand how important it is to ensure the financial well-being of our clients at all stages of life. That is why we offer Life Insurance with Savings, a policy designed to provide benefits both in life and to protect your loved ones in the event of your death.

We understand that age is a crucial factor, which is why by insuring yourself at younger ages, you can enjoy lower costs and more attractive benefits. As time goes by, opportunities for savings might decrease, so planning ahead ensures a strong financial protection for you and your loved ones.

Our Life Insurance with Savings combines protection for your family in the event of an unfortunate event with the ability to accumulate cash value over time. It's a smart financial strategy that allows you to access your savings to meet important needs while you're still alive, giving you peace of mind and security.

Danica allows you to use your life insurance with savings in these situations:

• Chronic diseases
• Cáncer
• Terminal illness

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Chronic diseases

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Diseases such as cancer

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Terminal illness

The third of the above points (terminal illness)The life insurance option has been available for some time in the life policies offered by most companies. The other two areas are relatively new to consumers, although many life insurance carriers now include these options in their policies, either automatically or through a rider.

Accelerated death benefits:

• This living benefit pays part of the term life benefit if you are terminally ill. With that cash, you can cover medical expenses, debts and more. Many people use the funds to take a vacation to a dream location or create memories with loved ones. There are four things to keep in mind about living benefits:
• Different insurers have different life expectancy parameters as to when you can access the cash.
• In some cases, the policy may have to be in force for a certain period of time in order to be eligible for living benefits.
• You may be charged interest on the portion of the accelerated death benefit that you will use.
• The amount advanced is usually subtracted from the total amount beneficiaries receive when you die.

A variant of this option is called "Critical illness rider.". This allows you to access benefits during your lifetime if you have a specific illness or disease.

• Return of premium. With this living benefit, you are reimbursed for all premiums paid during the term of the policy, as long as you do not die during that period. Generally, you pay more for this type of policy than you would with a traditional term policy.
• Disability premium exemption. This living benefit waives premiums in the event you suffer a long-term disability for six months or more. While it is not a cash benefit, it is a valuable resource since there is a 3 in 10 chance that you will have a disability that prevents you from working for 90 days or more at some point in your working life.