Living Benefits
Living Benefits
LIVING BENEFITS LIFE INSURANCE CAN BRING YOU BENEFITS WHILE YOU ARE STILL LIVING
Some life insurance policies offer options that provide benefits to help with medical expenses, retirement or other life events. Since you don’t have to die to receive these benefits, they’re called “living benefits.”
Living Benefits
With Living Benefit Life Insurance products, you gain the flexibility to receive benefits while you’re still living. These offerings are designed to help protect you and your family’s financial security in the event of qualifying terminal, chronic, critical illness, or critical injury.
Living Benefit riders are built-in, no-cost living benefits to help you maintain your quality of life during such events. Most LB Riders can provide a portion of your contractual death benefit while you’re still living if your condition meets the criteria for one of these types of illnesses.
Since the benefit is unrestricted, once you qualify, you can use the benefit for any reason. Benefits might be used for, but are not limited to:
– Household expenses
– Adult Day Care
– Home modifications
– Regular bills
– Nursing home care