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strata wealth financial solutions living benefits


strata wealth living benefits

Life insurance is a great financial strategy for the long-term, but it doesn’t provide significant financial support while the policy holder is alive. Living benefits are designed to fill this gap, protecting you financially when you might need it most. We’re here to help you find living benefits insurance policies that meet your needs and budget.

Some of the most common insurance policies with living benefits are critical illness insurance and disability insurance. Critical illness insurance pays a one-time lump sum benefit if you are diagnosed with a life threatening health condition, which can be used to pay for treatment, care, or anything you need. Disability insurance provides a tax-free monthly benefit if you lose the ability to work due to illness or injury. It is intended to replace the majority of your lost income until the benefit expires or you can work again.

Meet Phil Barker

Strata Wealth Living Benefits Specialist Inspiring Others Through His Real Life Experiences

In 1999 I was an extremely healthy 34-year-old. I was married with three children. I was growing a business, and life was amazing! An advisor came to my office and introduced Critical Illness Coverage to me. I had never heard of it. Critical Illness Coverage made sense to me, so I said:
“sure, let’s do it.”

Five years later, in the summer of 2004, I had a sharp pain in my shoulder while visiting the osteopath for a sore back from golfing. The pain was so intense I could hardly breathe, and so treatment ended immediately. After 45 minutes, the pain subsided, and I went home and decided to take it easy for the rest of the evening. At 2 am, the pain came back, and I woke my wife up and said I need you to take me to the hospital right away.

phil barker strata wealth living benefits specialist