Living Benefits Insurance provides a unique safety net by allowing policyholders to access a portion of their death benefit in the event of a serious illness or condition. This can be a critical lifeline, offering financial support when you need it most. Unlike traditional life insurance that only pays out after death, living benefits provide coverage that you can use to cover medical expenses, long-term care, or other significant costs while you’re still alive.
Accelerated Death Benefit Riders (ADB) can be triggered if you’re diagnosed with a terminal illness, providing funds to cover medical treatments or to support your family during challenging times. Critical and Chronic Illness Riders offer similar benefits for severe health conditions like heart attacks, strokes, or the inability to perform daily activities due to chronic illness.
Living Benefits Insurance includes several critical riders such as the Accelerated Death Benefit, which provides access to funds if you’re diagnosed with a terminal illness. It also features Critical Illness Riders that support you in case of severe health events like heart attacks or cancer, and Chronic Illness Riders that assist if you’re unable to perform daily activities. Additionally, the Long-Term Care Rider helps cover expenses for extended care services. Together, these features ensure comprehensive financial protection, giving you peace of mind and security when you need it the most.
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