Monday, June 8, 2015

Living Benefit Loans from Life Credit Company

This post is sponsored by Life Credit Company. All opinions are 100% my own.

If your family has been effected by cancer or another serious medical conditional, you know how expensive medical treatment is. Struggling financially during a health crisis is a terrible situation to be in. For those with a life insurance policy, qualifying for a Living Benefit Loan from Life Credit Company may be just what is needed to meet current financial needs.

What's a Living Benefit Loan? A Living Benefit Loan makes it possible for cancer patients to receive up to 50% of their life insurance policy’s death benefit now, while still preserving coverage for their beneficiaries. 

Loan borrowers are not be required to make loan payments and don't incur any out-of-pocket expenses. The loan is repaid from the insurance policy’s death benefit proceeds, with the remainder going to the insured’s family. Loan proceeds can be used by the borrower for any purpose, whether it's to pay bills or go on a dream vacation, hopefully reducing the stress of the borrower.

Do you know someone effected by cancer? Chances are you've been touched by cancer is one way or another, just as I have. There are nearly 4.1 million cancer patients in the U.S. that are suffering financially that could be helped through the Living Benefit Loan program. If you know someone that could potentially benefit by taking advantage of a Living Benefit Loan, perhaps you could tell them about Life Credit Company. I had never heard of a Living Benefit Loan until now, and I'm sure many cancer patients haven't either.

Life Credit Company is a licensed consumer lender that provides unique financial solutions to the cancer community. The Living Benefit Loan program was launched in December 2012. Since then, over 15 million dollars of funding has been loaned and therefore improved the lives of countless individuals when they've needed it most.

To learn more about Living Benefit Loans from Life Credit Company, please visit today.


Fiddlin' Dandi said...

This sounds very interesting--I will have to show it to my husband.

Theresa Anne said...

I wonder what the interest rates are? It would be counter productive to use up your life insurance payout before you even die, how would your family pay for funeral expenses ect? I think a better alternative is to get HEALTH insurance for health care problems.

Ashley R said...

Unfortunately health insurance doesn't cover every treatment out there, or even 100% of the ones they do "cover". Heck, I have great health insurance but in the event of a devastating diagnosis and expensive treatments, our family would still struggle with medical bills, hiring a caretaker for my kids and just surviving. This loan option is only allowed for use of up to 50% of a life insurance policy, as I mentioned in the post. This may not be ideal for every family, but for many, taking off the financial burden while the person is alive takes away that extra stress during an already difficult time.