Life insurance you can use while you're living.
A serious illness can stop your income but not your bills. Living benefits let you access part of your policy's death benefit early when you need it most.
Check living benefit options
We'll show you which plans include them.
Three ways living benefits can pay you
Critical illness
After a qualifying diagnosis such as heart attack, stroke, invasive cancer, major organ transplant or kidney failure, you may access a portion of your death benefit.
Chronic illness
If you're unable to perform two of six activities of daily living (bathing, dressing, eating, toileting, continence, transferring) or have severe cognitive impairment.
Terminal illness
If a doctor certifies a life expectancy of 12–24 months (varies by policy), you may receive a large portion of your benefit early.
What could you use it for?
- Mortgage or rent payments while you recover
- Medical bills, deductibles and travel for treatment
- Replacing lost income for you or a caregiver spouse
- Home modifications or in-home care
- Anything you need — the money is yours to use
Example: Sarah, age 41
Hypothetical illustration. Actual accelerated amounts are determined by the carrier at the time of claim and depend on the policy, diagnosis and other factors.
Living benefits FAQ
Do living benefits cost extra?
Many carriers include accelerated death benefit riders at no additional premium. Others charge a small fee or an administrative charge at the time of claim. We'll explain exactly how each plan works.
Does using a living benefit end my policy?
Usually not. The amount you access, plus any discount or fees, is subtracted from your death benefit and the rest stays in force.
Is this the same as disability or long-term care insurance?
No. Living benefits are riders on a life insurance policy. They can be a cost-effective way to add protection, but they work differently than dedicated disability or long-term care coverage.
Are living benefits taxable?
Accelerated death benefits are often received income-tax free under federal rules, but it depends on your situation. Please consult a tax professional.
Protection that works for you, not just after you.
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