Shield yourself from the financial burden that a critical illness can bring.
There are additional benefits associated with our Life Insurance provided by optional riders. We call them Living Benefits. Based on the product, living benefits can provide benefits should a qualifying terminal, chronic or critical illness or critical injury occur or if your desire is to have an income that you cannot outlive.
The best way to understand the impact living benefits can have is to hear from policy owners who have actually used them.
Living Benefits 101
Being diagnosed with a serious illness is always a shock, but it can be especially difficult if you're struggling to make ends meet. Living benefits allow you to access your life insurance death benefit while you're still alive, in order to help cover the cost of medical bills, mortgage payments, and other essentials.
This can give you the peace of mind of knowing that your family will be taken care of financially, and allow you to focus on your health. In addition, living benefits can be used to pay for in-home care or transportation to and from doctor's appointments. If you have a life insurance policy with living benefits, it can be a valuable safety net in times of need.
Many people have life insurance policies but few ever take the time to read them. This is a mistake. It's important to know exactly what your policy covers and what it doesn't. We will take a look at your current policy and explain it to you in detail. You need to know what benefits you are entitled to and how to file a claim. We will also let you know if there are any changes you need to make to your policy. Knowledge is power, and when it comes to your life insurance policy, it's important to be an informed consumer.
Common Questions
Are living benefits worth it?
With life insurance with living benefits, the answer is: yes. You can advance part of the death benefit early for your needs and care. This is why life insurance with living benefits is worth the money. It gives your family financial flexibility when they need the most money.
Does life insurance with Living Benefits cost more?
The cost of your life insurance premiums varies by company, the type of policy, and the term length (if applicable). Other factors that may impact the cost of premiums include age, health, smoking status, and add-on riders like living benefits. While some policies may have built-in accelerated death benefits, this isn't the case for every company. Generally, the younger and healthier you are, the lower your premiums will be.
What do living benefits in my insurance policy mean?
A living benefits rider enables the policy owner to access eligible policy proceeds when facing a terminal illness. Policy owners can also access funds through a loan or surrender, but it is possible for a life insurance policy with living benefits to provide more money.
What are Living Benefits?
Generally, living benefits are no-additional-cost features that let you access all or part of your death benefit to help financially during a qualifying event. The unexpected can happen to anyone, like terminal, chronic, or critical illnesses or injuries. And living benefits are designed to help get you through such things.
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Testimonials
Delivering results to our happy customers is our number 1 priority
"The benefits and the dividends will pay long into the future and long after I'm gone."
Robbie
Client since 2019
Thank you so much for your help and guidance. I finally have some peace of mind, now that we've gone over my pension, and feel like I'm way more educated and ready to take on retirement planning and anything else you recommend — thanks again!
Michael
Client since 2023
When my husband developed a chronic condition that put him out of work, we were quite literally saved by the living benefits policy that Danny helped us set up — we are forever grateful to him and his team!
Rachel & Thomas
Client since 2019
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