Life Insurance With Living Benefits
Life insurance can help protect the people you love — and some policies may also provide access to benefits while you’re living if you experience certain qualifying circumstances.
Protection That Can Help While You’re Living
Traditional life insurance is designed to provide a death benefit to your beneficiaries. Certain life insurance policies may also include living benefit provisions that allow you to access a portion of the policy’s death benefit during qualifying circumstances. These benefits can provide financial resources when you may need them most.
Critical Illness
Some policies may provide access to benefits following a qualifying critical illness, subject to the policy’s terms, conditions, limitations, and applicable requirements.
Chronic Illness
Certain policies may provide accelerated access to a portion of the death benefit when qualifying chronic illness conditions occur. Eligibility and benefit amounts vary by policy and carrier.
Terminal Illness
Some life insurance policies may allow an acceleration of benefits following a qualifying terminal illness diagnosis. Policy terms, conditions, and limitations apply.
Financial Flexibility
When available and when you qualify, living benefits may provide financial resources that can help address expenses or financial obligations during a difficult period.
Protection for Your Family
Life insurance remains centered on protecting the people who depend on you. Living benefits can add another layer of financial protection during qualifying circumstances.
Not Every Policy Is the Same
Living benefits vary by insurance company, policy, state, eligibility, and contract provisions. We’ll help you understand what a policy actually provides before you make a decision.
How Living Benefits Work
Living benefits are generally available through specific policy provisions or riders. If a qualifying event occurs, the policy may allow an eligible portion of the death benefit to be accessed while the insured is living. Accessing benefits may reduce the death benefit and may affect other policy values or benefits.
1. Choose Appropriate Coverage
We begin by understanding who you’re protecting, what you’re trying to accomplish, and what fits your budget.
2. Understand the Policy
We’ll explain the available living benefit provisions, eligibility requirements, limitations, and other important policy features.
3. Protect What Matters
The goal is to build a protection strategy that addresses your needs today while keeping your family’s future in mind.
Could Living Benefits Be Right for You?
Let’s talk about what you’re trying to protect and explore life insurance options that may include living benefits. There is no obligation to apply or purchase coverage.
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