LIVING BENEFITS
Life insurance isn’t just about protecting your loved ones after you’re gone—it can also provide critical support while you’re still alive. Modern life insurance policies come with a variety of living benefits that give you access to a portion of your death benefit if the unexpected happens.
Whether it’s a critical illness, chronic condition, or terminal diagnosis, these benefits help cover medical expenses, long-term care, or daily living costs, giving you the financial flexibility and peace of mind you need when facing life’s most challenging moments.
LIVING BENEFITS
Life insurance isn’t just about protecting your loved ones after you’re gone—it can also provide critical support while you’re still alive. Modern life insurance policies come with a variety of living benefits that give you access to a portion of your death benefit if the unexpected happens.
Whether it’s a critical illness, chronic condition, or terminal diagnosis, these benefits help cover medical expenses, long-term care, or daily living costs, giving you the financial flexibility and peace of mind you need when facing life’s most challenging moments.
Coverage For Life’s Moments—Not Just the End
Living benefits let you access funds if you face a critical illness, chronic condition, or terminal diagnosis, helping cover medical expenses or daily living costs. This ensures your family is protected and your lifestyle is maintained, even during life’s unexpected challenges.
Beyond providing financial support during health challenges, living benefits give you flexibility and peace of mind. You can focus on recovery, care, and maintaining your quality of life without worrying about draining savings or relying on others. With these benefits, your life insurance becomes a tool that works for you—both now and in the future.
Coverage For Life’s Moments—Not Just the End
Living benefits let you access funds if you face a critical illness, chronic condition, or terminal diagnosis, helping cover medical expenses or daily living costs. This ensures your family is protected and your lifestyle is maintained, even during life’s unexpected challenges.
Beyond providing financial support during health challenges, living benefits give you flexibility and peace of mind. You can focus on recovery, care, and maintaining your quality of life without worrying about draining savings or relying on others. With these benefits, your life insurance becomes a tool that works for you—both now and in the future.
How Living Benefits Coverage Works
If your policy includes the proper living benefits riders and you’re diagnosed with a critical illness, a chronic condition, or a terminal illness, you can file a claim to receive a lump-sum payout. These funds can help cover medical bills, mortgage or rent payments, and other essential expenses, easing the financial burden on your family during challenging times.
How Living Benefits Works
If your policy includes the proper living benefits riders and you’re diagnosed with a critical illness, a chronic condition, or a terminal illness, you can file a claim to receive a lump-sum payout. These funds can help cover medical bills, mortgage or rent payments, and other essential expenses, easing the financial burden on your family during challenging times.
How To Access Living Benefits
To access these benefits, your policy must include the appropriate riders, and the diagnosis must meet the carrier’s specific criteria, including:
Critical Illness: A serious, sudden medical condition, such as a heart attack, stroke, invasive cancer, paralysis, renal failure, or major organ transplant.
Chronic Illness: A condition that prevents you from performing at least two Activities of Daily Living (eating, dressing, bathing, toileting, transferring, or maintaining continence) without assistance.
Terminal Illness: A physician-diagnosed condition that is expected to result in death within 12 to 24 months.
Once approved, you can access a portion of your death benefit early to help cover medical expenses, daily living costs, or other financial needs.
How To Access Living Benefits
To access these benefits, your policy must include the appropriate riders, and the diagnosis must meet the carrier’s specific criteria, including:
Critical Illness: A serious, sudden medical condition, such as a heart attack, stroke, invasive cancer, paralysis, renal failure, or major organ transplant.
Chronic Illness: A condition that prevents you from performing at least two Activities of Daily Living (eating, dressing, bathing, toileting, transferring, or maintaining continence) without assistance.
Terminal Illness: A physician-diagnosed condition that is expected to result in death within 12 to 24 months.
Once approved, you can access a portion of your death benefit early to help cover medical expenses, daily living costs, or other financial needs.
Life-Saving Coverage, Right On Time
Few of us expect to face a serious illness—but the statistics tell a different story.
Each year, about 605,000 Americans experience their first heart attack, over 2 million receive new cancer diagnoses, and more than 795,000 suffer a stroke. When health crises hit, financial stress can make recovery even harder. And because medical problems are a cause in nearly half of home foreclosures, having this protection matters more than ever.
Protect your peace of mind—get Living Benefits now, so money stays at home while you recover.
Life-Saving Coverage, Right On Time
Few of us expect to face a serious illness—but the statistics tell a different story.
Each year, about 605,000 Americans experience their first heart attack, over 2 million receive new cancer diagnoses, and more than 795,000 suffer a stroke. When health crises hit, financial stress can make recovery even harder. And because medical problems are a cause in nearly half of home foreclosures, having this protection matters more than ever.
Protect your peace of mind—get Living Benefits now, so money stays at home while you recover.
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FAQ
How much of my death benefit can I access?
It depends on your policy and diagnosis. Typically, you can access up to 80–100% of your death benefit, though limits vary by insurer and rider.
How do I file a Living Benefits claim?
If diagnosed with a qualifying illness, you or your representative can submit medical documentation to your insurance company. Once approved, they’ll release a lump-sum payment directly to you.
Is there an extra cost for Living Benefits?
Many companies include them at no additional cost, while others require a small added premium. Costs and coverage details depend on the insurance carrier and policy type.
Can I spend the payout on anything?
Yes. Unlike health insurance, Living Benefits aren’t restricted to medical bills. You can use the money for housing, debt payments, travel, or any other expense that helps you maintain your quality of life.
Will using Living Benefits cancel my life insurance?
No. Your policy remains active as long as you continue paying your premiums. The only change is that your death benefit will be reduced by the amount you’ve already received.
FAQ
How much of my death benefit can I access?
It depends on your policy and diagnosis. Typically, you can access up to 80–100% of your death benefit, though limits vary by insurer and rider.
How do I file a Living Benefits claim?
If diagnosed with a qualifying illness, you or your representative can submit medical documentation to your insurance company. Once approved, they’ll release a lump-sum payment directly to you.
Is there an extra cost for Living Benefits?
Many companies include them at no additional cost, while others require a small added premium. Costs and coverage details depend on the insurance carrier and policy type.
Can I spend the payout on anything?
Yes. Unlike health insurance, Living Benefits aren’t restricted to medical bills. You can use the money for housing, debt payments, travel, or any other expense that helps you maintain your quality of life.
Will using Living Benefits cancel my life insurance?
No. Your policy remains active as long as you continue paying your premiums. The only change is that your death benefit will be reduced by the amount you’ve already received.
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