Life Insurance & Living Benefits
Protect your family — and access benefits while you're still alive
Overview
Life insurance provides a death benefit to your beneficiaries upon your passing. Many modern life insurance policies also include living benefit riders that allow you to access a portion of your death benefit while you are still alive — upon diagnosis of a terminal, chronic, or critical illness. Term and permanent options are available.
How It Works
You pay a premium in exchange for a death benefit paid to your named beneficiaries. With living benefit riders, if you are diagnosed with a qualifying condition, you may access a portion of the death benefit early to cover medical costs, lost income, or any other expense — without waiting for a death claim.
Key Benefits
- Death benefit paid to beneficiaries
- Living benefits accessible upon qualifying diagnosis
- Term and permanent options available
- May be available without a full medical exam (simplified issue)
Typical Covered Benefits
- Death benefit
- Terminal illness accelerated benefit
- Chronic illness living benefit rider
- Critical illness living benefit rider
- Cash value accumulation (permanent plans)
Who This Plan May Be Right For
- Anyone with dependents who rely on their income
- Self-employed and gig workers without employer life insurance
- Those with mortgage or debt obligations
- Individuals who want financial protection during a serious illness
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Get personalized Life Insurance & Living Benefits options from an independent broker — no obligation, no pressure.
Coverage amounts, premiums, living benefit eligibility, and definitions vary by age, health, and carrier. Review policy documents carefully.