If at any time during your term life insurance policy years you are diagnosed with certain chronic, critical or terminal illness, Living Benefits will allow you to accelerate a portion of your policy’s death benefit amount to live on. You now have access to take out money of your life insurance policy. 


Chronic Illness –  Should the insured be determined by a licensed health care practitioner to be unable to perform two of the six daily living (bathing, continence, dressing, eating, toileting, and transferring) for a period of 90 consecutive days. 


Critical Illness – Allows the insured to receive up to 90% of the death benefit in advance should the insured be determined by a licensed physician to have suffered a critical health condition such as cancer, heart attack, stroke, a major organ transplant, end-stage renal failure, Amyotrophic Lateral Sclerosis (ALS), blindness, or paralysis due to loss of two or more limbs. The maximum amount that can be received is the lesser of 90% of the death benefit amount of the face amount of the policy or $500,000, and the minimum face amount that may be accelerated is $2,500.

Terminal Illness – Allows the insured to receive a portion of the policy’s death benefit as a lump sum payment in advance of death when a licensed physician has diagnosed the insured to have less than 12 months to live. Example; The maximum amount that can be received is 100% of the death benefit to a maximum of $1,500,000. The minimum amount is $5,000 of the total death benefit.

According to the Centers for Disease Control and Prevention (CDC), it has been shown in recent studies that nearly half of Americans suffer from a chronic health condition such as:

Heart Attack
End Stage Renal Failure
Major Organ Transplant
Blindness From Diabetic Retinopathy
Paralysis of two or more limbs

A  Living Benefits Policy can Provide Income
Income for treatment not covered by a health insurance policy
Income to pay bills
Income to pay the mortgage
Income to replace loss of employment wages due to illness
Income for in-home care
Income so you do not need to dip into retirement funds
 Living Benefits term life insurance policy is making big changes to traditional term life insurance.

A  Living Benefits policy is not just a great way to protect your family’s financial security after you’re gone but a great way to protect your family’s financial savings from an unexpected illness while you are living.

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