Life Insurance

GoldenTrust Insurance offers Life Insurance with Living Benefits, providing financial security to beneficiaries in the event of the policyholder's passing, while also allowing access to funds during the policyholder's lifetime under specific conditions.

What does this insurance cover?

Death Benefit

Provides a lump sum payment to your beneficiaries if you pass away, helping them cover expenses such as funeral costs, debts, and daily living needs.

Living Benefits

Allows you to access a portion of your death benefit while you're still alive if diagnosed with a qualifying illness: Chronic illness, Critical illness (heart attack, cancer, stroke), or Terminal illness (life expectancy of 24 months or less).

Flexible Use of Funds

Once approved, funds may be used for medical expenses, home modifications, or everyday living costs including medical treatments, in-home care, and family support.

No Waiting Period

Benefits become available immediately after meeting eligibility requirements and claim approval.

What is not covered?

Suicide Clause

If the insured dies by suicide within a specified period (typically the first two years of the policy), the insurer may not pay the death benefit.

Risky Activities

Deaths resulting from participation in hazardous activities, such as skydiving, scuba diving, or private aviation, may be excluded from coverage.

Acts of War or Terrorism

Some policies exclude coverage for deaths caused by acts of war or terrorism.

Illegal or Criminal Activities

If the insured dies while engaging in illegal activities, the insurer may deny the claim.

Substance Abuse

Deaths resulting from drug or alcohol abuse may be excluded, especially if substance abuse was not disclosed during the application process.

Pre-existing Health Conditions

If the insured dies from a health condition that was not disclosed or was misrepresented during the application, the insurer may deny the claim.

Key benefits

Financial Security for Your Loved Ones

Provides a tax-free lump-sum payment to your beneficiaries upon your passing to help with funeral expenses, debts, and ongoing living costs.

Access to Living Benefits

Unlike traditional life insurance, you can access part of your benefits while you're still alive if diagnosed with a chronic, critical, or terminal illness.

Use Funds However You Need

Once qualified, you can use the money for medical bills, in-home care, home modifications, daily living expenses, or family support.

No Waiting Period

Benefits are available immediately after qualifying, with no long delays.

Peace of Mind

Knowing you're protected both during life and after death gives you and your family peace of mind, especially during difficult times.

Flexible & Customizable Coverage

Plans can be tailored to meet your individual financial goals and family needs.

FAQs

What is "life insurance with living benefits"?

It's a type of life insurance that not only provides a death benefit to your loved ones but also allows you to access part of that money while you're still alive if diagnosed with a qualifying illness.

What illnesses qualify for living benefits?

You may qualify if diagnosed with a chronic, critical, or terminal illness—such as cancer, stroke, heart attack, or if you're unable to perform two or more daily living activities.