by Life Credit Company | Jan 11, 2018 | Understanding Your Life Insurance Policy
Many Americans are familiar with the concept of a death benefit, or the amount paid out from your life insurance policy after your passing. However, fewer people are as aware of the idea of a living benefit, which can be just as crucial to a family during a loved one’s final days. Living Benefits on Life Insurance Defined A living benefit is a portion of a person’s death benefit from their life insurance company, typically granted to an individual when he or she is facing a terminal prognosis. Living benefit programs vary depending on the provider but most require the insured to provide proof of an illness that is expected to claim his or her life within 24 months. If the applicant is approved, living benefits typically range from a quarter to 100 percent of what the policy’s death benefit amounts to and can be used for whatever the policyholder needs. The individual may choose to use the funds for medical care, or to plan ahead for funeral or other end-of-life expenses. Planning for the Future The prospect of a terminal illness is a frightening one that many people don’t want to seriously consider when making plans for their future. Because of that fear, some may miss out on the opportunity to add a living benefit rider to their life-insurance policy, and many companies won’t approve such additions, even in an emergency situation. Closing that gap is a goal of Life Credit Company’s living benefit loans. Such loans allow applicants to receive a portion of their insurance policy’s death benefit while still living. Since the program does not require...
by Life Credit Company | Dec 28, 2017 | Understanding Your Life Insurance Policy
Under normal circumstances, finding the money for emergency home repairs is a challenge; factor into the equation a cancer diagnosis and that challenge may seem insurmountable. That’s where Life Credit Company comes in. Our living benefit loans provide vital financial help for cancer patients, allowing them to manage day-to-day expenses with a clearer mind — ultimately enabling them to focus on their physical health. From combatting a leaky roof to paying down medical bills, these Life Credit testimonials shed light on the many ways our programs help cancer patients get on the path to financial health. “Hi, I’m Rebecca from Houston, Texas, and I’ve been battling cancer for four-and-a-half years. This past fall I was diagnosed with stage four cancer. Because I was not able to work full-time continuously during this four-and-a-half years, both mine and my husband’s credit took a hit. This past spring we had leaks in our roof and turns out we needed a new central AC unit. Because of our credit, we were not able to get a loan and we had gone through our life savings. So, I started researching and looking for alternatives. Through that, I found Life Credit and I looked into them. I am a former fraud analyst with a national bank and my husband is a police officer, so we’re naturally skeptical people. I researched thoroughly Life Credit and found absolutely nothing negative. I went through the Secretary of State, Better Business Bureau and I really thoroughly researched them. I called and I did speak to Craig initially and he answered all my questions. When I was ready to commit,...
by Life Credit Company | Dec 21, 2017 | Financial Assistance for Cancer Patients
When deciding a course of treatment for cancer, most patients will likely explore a range of options, from the most conservative to the most aggressive. The decision on which path to take may involve extensive medical testing, consults with physicians and specialists and discussions with loved ones about the short- and long-term impacts of the treatments. Another consideration may be finances. The cost of preventative cancer care may sway some patients against more aggressive forms of treatment, while for others the expense may be worth the peace of mind. According to a recent report in HealthDay, women diagnosed with breast cancer who opted for a double mastectomy — the removal of both breasts, often undertaken to prevent the future recurrence of cancer — faced more pervasive financial challenges than those who pursued less-aggressive forms of treatment. More than half of the 1,000 women studied had a lumpectomy, the most conservative treatment, while a third chose chemotherapy and the remaining had a mastectomy, either bilateral or unilateral. The women who had both breasts removed were eight times more likely than those who had a lumpectomy to miss more than four weeks of work following the procedure. Those reduced working hours amounted to an average loss of more than $5,000 in income over that month. Complicating the matter is that studies have shown that women who opt for a bilateral mastectomy largely would have achieved the same medical results from a lumpectomy — but pursued the more-aggressive treatment to err on the side of caution. While there are pros and cons to being aggressive, the decision ultimately lies with each individual...
by Life Credit Company | Dec 7, 2017 | Understanding Your Life Insurance Policy
When you’re searching for financial help for cancer patients, one of your top priorities is likely making a connection with a company you can trust. Though you may explore an organization’s ratings or read articles about its work, one of the best ways to gauge the reputation of a company is by hearing directly from its clients. The following Life Credit testimonials provide firsthand accounts from people just like you and your loved ones: They know the challenges of a cancer diagnosis, and the impact it has on all facets of your life. They’ve also found comfort and confidence in the financial peace of mind Life Credit can provide. “Life Credit is a company where you’re able to borrow against your life insurance policy and live for today. Yes, I know I don’t look like it, but I have terminal cancer. And because of Life Credit, I’ve been able to live my life to the fullest. I thank them so much for all the dedication and hard work and a stress-free process. If you need Life Credit, please give them a call.” — LaBonnie “Life Credit Company was a wonderful company to go through. They worked through a difficult marital situation and got me everything I needed. I really appreciate them so much. Thank you.” — Tamara “My name is Joselito Padama and I was diagnosed with lung cancer in May of 2014 and, suffice it to say, the event was life-changing. Right from the very beginning, it took a toll on our family finances so I searched the Internet for relief and help. I found this company called...
by Life Credit Company | Nov 30, 2017 | Cancer Research & News
The search to find help for cancer patients is never-ending. New research is focused on methods that “attack” or “kill” cancer cells through alternative ways including using one’s own body to fight the disease. The term “poliovirus” has long been deemed to be associated with the deadly disease polio. However, new research may have some looking at it in a new light. Scientists at Duke University recently unveiled a study that found poliovirus may be able to provide unique help for cancer patients. The study revealed that the virus can attack cancer cells, setting off a process that jumpstarts the body’s immune system to fight back against cancer. What Does the Research Say? Researchers introduced poliovirus to subjects suffering from melanoma and breast cancer and observed that the proteins in the cancer cells served as receptors for the virus. Once it attached itself, the virus attacked the cancer cells, which responded by releasing toxic antigens. After the toxins began circulating, the body’s immune system responded, attacking the tumor. The cyclical process that the poliovirus touched off halted tumor growth. What Now? The research points to a potentially significant breakthrough in cancer treatment and prevention. Scientists plan to continue to study the role poliovirus can play in reducing the growth of melanoma, breast cancer and prostate cancer. In particular, researchers intend to use combination treatments to explore even more effective ways to generate responses from the immune system. While poliovirus has traditionally been thought of as a threat to one’s health, modern innovations in cancer research highlight the potential health-saving benefits of the virus. This type of research is among...
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