Living Benefits
Explore how this solution works, why someone may consider it, and the policy or contract details worth understanding before making a decision.
Make A Change.What it is
Riders or specific features added to a life insurance policy that allow the policyholder to access a portion of the death benefit while they are still living, under qualifying medical circumstances.
Why someone may consider it
To establish a financial safety net that can help cover medical expenses, replace lost income, or pay for specialized care if diagnosed with a terminal, chronic, or critical illness.
Key features
Can accelerate a portion of the policy’s death benefit to the insured upon a qualifying diagnosis, providing liquidity when health-related financial burdens are highest.
Important things to understand
Exercising living benefits will reduce the policy’s ultimate death benefit and cash value. Availability, definitions of qualifying illnesses, and costs vary strictly by state and insurance carrier.
Watch & Learn
A brief video explanation is coming soon.