We like to call them “Life insurance you don’t have to die to use”! Since the benefit is unrestricted, once you qualify, you can use the benefit for any expense.
Living Benefits can provide MUCH NEEDED cash should a qualifying terminal, chronic or critical illness or critical injury occur, or if your objective is to have an income that you can’t outlive.
The Living Benefits Riders, or Accelerated Benefit Riders (ABRs) help provide peace of mind at a time when the LAST thing you need to worry about is money. It allows the policy owner to have access to an early (accelerated) payout of the death benefits within your policy if the insured is diagnosed with a qualifying illness or injury. Living Benefits are included on policies at NO additional COST!
Pays a benefit if you are diagnosed with a terminal illness resulting in life expectancy of less than 12 months (24 months in some states). This can be used for experimental medicine, prepare for final expenses or any other purpose you feel necessary.
Pays a monthly benefit should you become diagnosed as chronically ill and unable to perform two daily activities such as bathing, dressing, eating, or due to cognitive impairment. This benefit is paid annually (up to 24% of your death benefit). Policy must be in-force for 2 years.
Pays a lump sum benefit should you suffer from a triggering illness such as cancer, heart attack, stroke, Lou Gehrig’s disease (ALS), blindness due to diabetes, kidney failure or major organ transplant, and more!
Joven and Benita were living the American Dream until Joven was diagnosed with renal cell carcinoma of his left kidney—cancer. What gave him peace of mind during the recovery stage was his life insurance policy with living benefits. View their inspiring story.
How it Works: TaxFree Retirement Income through IUL Life Insurance.
Are you still protecting your family and finances with the "old kind" of life insurance that only pays out if you die? Living Benefits life insurance is the new, evolved kind of life insurance. With Living Benefits, you have the power to accelerate your death benefit while you're still living if you suffer a heart attack, cancer diagnosis, stroke, or any other Critical, Chronic, or Terminal illness.
Learn how Indexed Universal Life can help you build a powerful financial foundation for your child. These plans harness the power of compound interest while providing several unique side benefits.