Term Life with Living Benefits
Flexible term life insurance with living benefits for critical, chronic, or terminal illness.
Product Overview
Our Term Life with Living Benefits provides not only life insurance protection for your loved ones, but also allows you to access a portion of your death benefit while you're still alive if you're diagnosed with a qualifying critical, chronic, or terminal illness.
Key Features
- Accelerated death benefit for qualifying illnesses
- Flexible coverage periods (10-30 years)
- Level premiums during term period
- Conversion options to permanent coverage
- No medical exam options available
Living Benefits Include
- Critical illness acceleration
- Chronic illness acceleration
- Terminal illness acceleration
- Waiver of premium benefits
- Additional riders available
What Are Living Benefits?
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 qualifying illness. This can help cover medical expenses, treatments, and maintain your quality of life during challenging times.
Chronic Illness Accelerated Benefit
Chronic illnesses are typically conditions suffered for a long period of time, during which normal daily living is disrupted. The qualifying illness or conditions affect the ability to perform simple tasks like eating or dressing without assistance; or they may also involve severe cognitive impairment that necessitates substantial supervision, such as Alzheimer's disease.
Qualification Requirements:
The illness or condition does not need to be considered permanent, but must impair the insured where he or she is unable to perform at least two Activities of Daily Living (ADLs) for a period of at least 90 days:
- • Bathing
- • Toileting
- • Dressing
- • Transferring
- • Continence
- • Eating
Critical Illness Accelerated Benefit
Critical illnesses often come suddenly and without warning, and the financial effect can be life-altering. Term Life Insurance can help you reduce the financial effects of the following qualifying critical illnesses or conditions:
Covered Critical Conditions:
- • Major Heart Attack
- • Coronary Artery Bypass
- • Stroke
- • Invasive Cancer
- • Blood Cancers: Leukemia, Lymphoma, Multiple Myeloma and Myelodysplastic Syndromes
- • Major Organ Transplant
- • End Stage Renal Failure
- • Paralysis
- • Coma
- • Severe Burn
- • Blindness
- • Amyotrophic Lateral Sclerosis (ALS)
Terminal Illness Accelerated Benefit
Term Life Insurance can help you financially make the most of your remaining journey following a terminal illness diagnosis. Terminal illnesses are defined as those in which a physician reasonably expects will result in the insured person's death within 24 months.
Coverage Details:
An illness or physical condition that is certified by a physician to be reasonably expected to result in the insured's death within 24* months from the date of certification.
*12 months in Florida
Why Choose Living Benefits?
Financial Relief
Access funds when you need them most to cover medical expenses and daily costs
Quality Care
Afford better treatment options and maintain your quality of life
Peace of Mind
Focus on recovery without worrying about financial burdens
Building Long-Term Wealth?
Wealth Building
Indexed Universal Life (IUL)
Ready to combine life insurance protection with wealth building? IUL offers permanent coverage with cash value growth potential tied to market performance, while protecting your principal from losses.
Get Protected Today
Learn more about how Term Life with Living Benefits can provide comprehensive protection for you and your family.