Living Benefits
Access your life insurance benefits when you need them most
Living benefits allow you to access a portion of your life insurance death benefit while you're still alive if you're diagnosed with a critical, chronic, or terminal illness.
What Are Living Benefits?
Living benefits, also known as accelerated death benefits, allow policyholders to access a portion of their life insurance death benefit while they're still alive if they're diagnosed with a qualifying medical condition.
This feature provides financial support when you need it most—to pay for medical treatments, cover living expenses, or maintain your quality of life during a difficult time.
Types of Living Benefits
Critical Illness
Access benefits if diagnosed with heart attack, stroke, cancer, or other critical conditions
Chronic Illness
Receive benefits for long-term conditions that require ongoing care and assistance
Terminal Illness
Access benefits if diagnosed with a terminal condition with limited life expectancy
How Living Benefits Work
Diagnosis
You're diagnosed with a qualifying critical, chronic, or terminal illness as defined by your policy.
File a Claim
Submit medical documentation and a claim form to your insurance company to request living benefits.
Receive Benefits
Once approved, you receive a portion of your death benefit (typically 25-95% depending on the condition and policy).
Use Funds as Needed
Use the money for medical bills, experimental treatments, living expenses, travel, or any other needs—no restrictions.
Why Living Benefits Matter
Financial Flexibility
Access funds when you need them most without taking loans or depleting savings
Quality of Life
Pay for treatments, care, or experiences that improve your quality of life
Protect Assets
Avoid liquidating retirement accounts or selling assets to cover medical expenses
Family Support
Reduce financial burden on family members during difficult times
Common Uses for Living Benefits
Medical Treatments
Pay for treatments, surgeries, medications, or experimental therapies not covered by insurance
Living Expenses
Cover mortgage, rent, utilities, and daily expenses when unable to work
Home Modifications
Make your home accessible with ramps, grab bars, or other necessary modifications
In-Home Care
Hire caregivers or nurses to provide assistance at home
Travel and Experiences
Create meaningful memories with loved ones while you still can
Frequently Asked Questions
Protect Yourself with Living Benefits
Don't wait until it's too late. Make sure your life insurance policy includes living benefits so you have access to funds when you need them most.