Bonus: Chronic, Critical and Terminal Illness Protection


Bonus: When Serious Illness Hits You, You've Got Protection!

The BankingLikeTheRich system, which enables you to earn a profit paying bills, ALSO pays TAX-FREE FUNDS (also known as living and death benefits) to help offset the costs associated with either a terminal illness, chronic illness or critical illness.

70% of people over 65 will need assisted care.
Medicare, US Dept. of Health and Human Services, 2015

Although the triggering mechanism is medical, once you become eligible you can spend the funds on ANYTHING you like ANYWHERE you like. So if you want to go to Panama to get treated using Stem Cell therapy -- yes you can. There is NO NEED TO SUBMIT receipts. You have complete freedom to spend your tax-free funds as you see fit! Remember, this is NOT a government program! In fact, if you want to spend your time partying like a rock star, then yes you can.

Let's Break It Down...

1Terminal illness -- what qualifies?
Generally, if you have been diagnosed with a terminal illness that will result in death within 24 months of certification of the illness by a physician. The benefit payment will be a lump sum. There is no waiting period or annual benefit limit, but there is a lifetime limit on the amount of benefits you can receive across all Accelerated Benefits Riders.
2Chronic illness -- what qualifies?
A doctor has certified, within the past 12 months, that you are unable to perform two out of six “activities of daily living” for a period of at least 90 consecutive days without assistance, or that you are cognitively impaired. The 6 Activities of Daily Living are: 1) Bathing 2) Continence 3) Dressing 4) Eating 5) Toileting 6) Transferring. Generally, the rider needs to be in force for a period of two years. There is an annual limit on the amount of benefits you can receive. There is also a lifetime limit on the amount of benefits you can receive across all Accelerated Benefits Riders. Note that you do not have to be in a licensed facility to receive payments, and that you can apply for benefits every 12 months. Benefits can be used for any reason (with 1 state exception), and do not need to be used for medical expenses.
3Critical Illness - what does it include?
Critical Illness includes: ALS (Lou Gehrig’s disease), Aorta Graft Surgery, Aplastic Anemia, Blindness, Cancer Cystic Fibrosis, End Stage Renal Failure. Critical Injury includes: Coma, Paralysis, Severe Burns and Traumatic Brain Injury

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