Living Benefits: Life Insurance That Can Help While You're Still Alive

Traditional life insurance pays after you pass. Living benefits can pay while you're still living — if you experience a qualifying illness.

What Are Living Benefits?

Living benefits (also called accelerated death benefit riders) may allow you to access a portion of your life insurance death benefit early if you are diagnosed with a qualifying condition. This is subject to policy and rider requirements.

What Qualifying Conditions May Be Covered?

Depending on the policy and rider, living benefits may help with:

• Critical illness — such as a heart attack, stroke, or cancer diagnosis
• Chronic illness — when you can no longer perform certain activities of daily living
• Terminal illness — when diagnosed with a limited life expectancy

Why This Matters

A serious illness doesn't just affect your health — it affects your finances. Medical bills, lost income, and care costs can drain a family's savings. Living benefits may help protect your retirement savings and your family's lifestyle during a difficult time.

Living Benefits vs. Health Insurance

Health insurance helps pay medical bills. Living benefits can help replace your income and cover everyday living expenses while you focus on recovery.

Important Note

Living benefits are subject to policy and rider requirements, and may reduce the death benefit your beneficiaries receive. This information is educational and not a guarantee of any specific outcome.

Want to learn if a policy with living benefits is right for you? Book a free consultation.