(Courtesy of Medicare Done) Most Americans believe that if a serious illness or disability strikes, Social Security Disability Insurance (SSDI) will be there to help. Unfortunately, qualifying for SSDI is no easy feat — strict requirements, long delays and high denial rates leave many people without the support they thought they could count on.

Here’s the Good News

You probably already own the solution, assuming you have the right type of life insurance policy.

The key? Your policy should offer strong conversion options and the ability to accelerate benefits without new medical underwriting at the time of conversion. This powerful combination could give you financial support when you need it most.

Real-Life Examples: Rachel was diagnosed with cancer. Thankfully, her term policy allowed her to convert her $1 million coverage to permanent insurance and accelerate 25% of the benefit, giving her critical funds during treatment. Or Michael, who suffered a stroke and lost the ability to walk and dress himself. His $2 million term policy was converted into an Indexed Universal Life (IUL) policy, and he was able to accelerate 50% of the death benefit, giving him access to a significant sum to pay for his care.

The Bottom Line: SSDI may not be enough. Having the right life insurance in place today could make all the difference tomorrow.

Curious if your coverage measures up? Call Yeshaya Jeremias, Registered Social Security Analyst® (RSSA®) and Life Insurance Broker, at 248-919-8193 or email [email protected] to schedule your free policy review. Understanding your options is the first step to securing your financial future. This is a bimonthly series featured in the health and business editions, focusing on social security planning.