Traditional life insurance primarily provides financial security for your loved ones after you pass away. However, today’s innovative policies offer much more. They include living benefits, allowing you to access funds to cover unexpected medical expenses, caregiving costs, or other emergencies while you're still alive. Many also feature retirement income options, helping you build a steady stream of income for your future. Importantly, the first beneficiary of these policies is the insured person themselves. This means you can use the policy’s benefits during your lifetime to support your health, fund your retirement, or handle unforeseen needs—all while ensuring your family remains protected in the long run. This new type of life insurance protects you during your lifetime and safeguards your loved ones after you're gone, providing peace of mind at every stage of life.