Disclosure: I am not a financial adviser; opinions shared here are mine.  This is a sponsored post with our partner Mason Finance.

Though we’re not rich with cash-in-hand, I’m grateful that my husband has been wise about financial planning for the future.  He holds several insurance policies that will (hopefully) protect us if a terminal illness or long-term care need comes our way.  If you’re facing a health crisis, such as a life-threatening diagnosis, it may be wise to see if a life insurance accelerated death benefit could help you bridge the gap between your financial burdens. 

No one wants to think about the expense of hospitalization during an illness, but it might be even harder to deal with when the time comes.  Your insurance policy could give you the option to receive a portion of your death benefit while you’re alive; however, you’ll need to weigh the advantages against the overall cost.  Be sure to read the details carefully.  Is it worth losing a percentage of your final benefit package?  How will your premiums change?  Will you be taxed on the amount received?

To find out how to maximize your life insurance policy, review your policy documents or contact your insurance carrier.  You might be surprised at the options you have.

There’s no reason to put off an examination of your life insurance policy.  Whether you’re just starting your career or you’re at the end of a long, fulfilled life, it’s important to take stock of the future.  It’s hard to manage the financial burdens of illness, but your life insurance policy might be able to help you bridge the gap.