Life insurance. With Living Benefits in New York, New Jersey and Miami

They are policy options that let you receive part of the death benefit while you are alive if you are diagnosed with a qualifying terminal, chronic or critical illness. You can use that money for treatment, debts or household expenses.

At National Life Group they come with several products, such as G-Series Term and FlexLife IUL, depending on risk class and state. Whatever is accelerated reduces the benefit your family receives, and some options may carry a cost. Carolina explains which ones apply to your policy.

In many cases, no. With National Life Group's EZ Underwriting process, people ages 18 to 50 can qualify for up to $3,000,000 in coverage without a full medical exam; ages 51 to 60, up to $1,000,000; and ages 61 to 65, up to $250,000.

The insurer evaluates your health and age and may ask for additional tests in some cases. If you need a fast decision, Rapid Protect IUL offers a 100% digital application for coverage from $50,000 to $500,000.

Enough for your family to keep its standard of living if you are gone: paying off debts and the mortgage, covering your children's education and replacing the years of income they would lose. There is no single number; it is calculated with yours.

In a free conversation, Carolina adds up your debts, household expenses and your children's goals, subtracts what you already have (savings, work coverage) and shows you the coverage that makes sense for your budget.

Term insurance protects you for a fixed period, such as 10, 15, 20 or 30 years, and is the lowest-cost option. Permanent insurance, such as an IUL or whole life, lasts your entire life and also builds cash value.

Many families start with term and convert later: National Life Group's G-Series Term can be converted to a permanent policy with no medical exam, subject to policy conditions. Permanent coverage costs more, but it can also help with retirement and leaving a legacy.

If the policy's index, such as the S&P 500, falls during a period, the interest credit is 0%: your cash value does not lose because of the drop. When the index rises, part of the gain is credited, subject to caps and participation rates.

Note: the floor protects against index declines, not against policy charges, which are still deducted. That is why an underfunded policy can lose value even if the index does not fall. Past index performance does not guarantee future results.

It is permanent insurance: it lasts your whole life and also builds cash value. That value grows linked to an index such as the S&P 500, with a 0% floor: if the index falls in a period, the interest credit is 0%; when it rises, a portion is credited, subject to caps and participation rates.

At National Life Group, FlexLife IUL includes access to accumulated capital and Living Benefits. The floor protects against index declines, not against policy charges.

Pros: lifelong protection, cash value with a 0% floor, Living Benefits and access to accumulated capital. Cons: it costs more than term; policy charges continue to be deducted, so an underfunded policy can lose value even if the index does not fall; and growth is subject to caps and participation rates.

Past index performance does not guarantee future results.

A Buy-Sell agreement funded with life insurance gives the surviving partners the money to buy the deceased partner's share at a price agreed in advance. The family receives its value and the business stays with the people who run it.

Without it, heirs may become partners without knowing the business, or partners may have to take on debt to buy them out. Your attorney drafts the agreement; Carolina designs the policies that fund it.

Yes. Carolina Ahumada serves Latino and American families in Spanish and English and is a financial advisor licensed to offer insurance in New York, New Jersey and Florida. The first conversation is free and can be by phone, WhatsApp or video call.

Expertise Network supports families, professionals and business owners in the Latino community across the United States. Her National Producer Number (NPN) is 20269269, which you can use to verify her licenses. You can reach us at +1 (551) 314-5609.