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Living Benefits Insurance
Helping Meet Lifetime Needs
Illness or Injury
Accelerated Benefits Riders13 are optional, no additional cost riders that can allow you to access all or part of the death benefit while you are living if you experience a qualifying terminal, chronic, or critical illness or a critical injury.
How you use your benefit is unrestricted with the exception that in the state of Massachusetts, Accelerated Benefits Rider benefits for chronic illness can only be used to pay for expenses incurred for Qualified Long-Term Care services.14
Benefits could be used for, but aren’t limited to:
Household Expenses
Home Modifications
Nursing Home / Adult Day Care
Household Expenses
Here if you need it.
You can elect to either:
- Request the full acceleration during your lifetime.
- Choose to receive a portion of your death benefit during your lifetime and leave the remaining portion to your beneficiary.
- Choose to leave the entire death benefit to your beneficiary.
13) Accelerated Benefit Riders are optional and may not be available in all states. Critical Injury is not available in NY. Receipt of Accelerated
Benefits will reduce the Cash Value and Death Benefit otherwise payable under the policy, may result in a taxable event, and may affect your
eligibility for public assistance programs.
14) Qualified Long-Term Care services, are defined as: The necessary diagnostic, preventative, therapeutic, curing, treating, mitigating and
rehabilitative services, and maintenance or personal care services that are required by a chronically ill individual and are provided pursuant
to a plan of care prescribed by a licensed health care practitioner.
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