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	<title>New answer on: Does Life Insurance Cover Medical Bills?</title>

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		<title>By: Peggy Mace</title>

		<link>https://insurancelibrary.com/life-insurance/does-life-insurance-cover-medical-bills</link>

		<dc:creator>Peggy Mace</dc:creator>

		<pubDate>Sat, 20 Jul 2013 12:31:54 +0000</pubDate>

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		<description><![CDATA[Life insurance will cover medical bills or whatever bills that the BENEFICIARY uses the proceeds to cover. Unless the life insurance policy has &quot;living benefits&quot; or a rider specified for certain expenses incurred while still alive, the policy does not pay out anything until the death of the insured person.]]></description>

		

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		<title>By: Jerry Vanderzanden, CLU, ChFC</title>

		<link>https://insurancelibrary.com/life-insurance/does-life-insurance-cover-medical-bills</link>

		<dc:creator>Jerry Vanderzanden, CLU, ChFC</dc:creator>

		<pubDate>Tue, 23 Apr 2013 19:22:58 +0000</pubDate>

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		<description><![CDATA[Life insurance pays a death benefit to the beneficiary named in the policy. The amount is usually income tax free to the beneficiary. The amount can be used by the beneficiary as they choose.

In recent years, accelerated benefit riders (ABR) have been developed to accelerate, during the final stages of life, some of the death benefit amount in the event the life insured becomes terminally ill. This emerged in response to a need to access cash for the high cost of medical care near the end of life. 

If available, there is usually no cost to ABR to the policy. Not all life insurance policies have ABRs but many newly issued policies do. Some ABRs also cover chronic illnesses or long term care. The policy owner would need to consult the policy for claim terms, contact their agent or call the life insurance company to learn more.]]></description>

		

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