These aren’t your grandparents term insurance plans. With insurance sold in the 1930’s, if you died with a policy enforced, your beneficiary would receive a check. Life insurance now offers a new feature called LIVING BENEFITS. These Living Benefits or LBs are riders that are included to pay you as you recover from a heart attack or cancer. They pay you if you are diagnosed with chronic conditions. They will also pay you if you are diagnosed as terminally ill. This way if something were to happen, you can focus on recovery and not worry about the bills. Currently over 75% of the population live paycheck to paycheck. I am sure you would rather get a check in the mail than a get well card.