What Are Living Benefits? Living benefits allow policyholders to access a portion of ​their death benefit while they are still alive. This can be incredibly helpful in the event ​of a serious illness, chronic condition, or even a terminal diagnosis. By tapping into the ​death benefit early, you can use those funds to cover medical bills, long-term care ​costs, or other financial needs that arise during a health crisis.

Types of Living Benefits

Critical Illness Rider

This rider allows you to receive a portion of your death benefit if you're diagnosed with ​a serious illness, such as cancer, heart attack, or stroke. It can help cover medical ​treatments, experimental therapies, or even everyday expenses like mortgage payments ​while you're recovering.

Chronic Illness Rider

If you are unable to perform daily living activities, such as bathing, dressing, or eating, ​a chronic illness rider can help cover long-term care costs. These funds can be used for ​nursing home care, home healthcare services, or modifying your home for accessibility.

Terminal Illness Rider

In the unfortunate event of a terminal diagnosis, this rider allows you to access a ​significant portion of your policy's death benefit. These funds can be used to pay for ​medical treatments, fulfill last wishes, or ensure your family is financially secure while ​you're still with them.