Some circumstances may require additional life insurance. Life insurance add-ons supplement the coverage that a standard life insurance policy provides. Modern Risk Management, serving Houston, TX, explains some common add-ons that may be of interest to you.

Critical Illness Coverage

A critical illness may require extensive medical procedures and hospital stays. Critical illness coverage will handle some or all the out-of-pocket costs that you face during your lifetime. The coverage will alleviate your family members from being obligated for medical bills throughout your illness.

Guaranteed Insurance Coverage Benefit

A guaranteed insurance coverage benefit will allow you to modify your life insurance policy in the future. This type of coverage can be obtained, no matter what your health status is. You will qualify for life insurance updates throughout the course of your lifetime.

Long-Term Care Coverage

Long-term care coverage handles the cost of residing in a nursing home or maintaining home health care. This type of coverage can be beneficial if you are no longer able to take care of yourself. You can add it to your existing life insurance policy.

Family Income Benefit

A family income benefit can increase the amount of disposable income that your family receives each month in the future. This type of insurance benefit pays your beneficiaries directly. The funds that your family members receive can help your loved ones maintain their standard of living.

Life Insurance Consultation With One of Our Agents

If you would like to learn more about life insurance add-ons, contact one of our agents at Modern Risk Management, serving Houston, TX. One of our insurance agents will ask you about your family dynamics and personal preferences. They will recommend life insurance add-ons suited to your unique circumstances.