Living benefit

Living Benefits designed to maintain your families Quality of Life when you need it most. In the event of a major Chronic, Critical or Terminal Illness a cash benefit can be accessed to pay for care, travel, loss of income or any expense you choose. Living Benefits are included in our QoL Term Insurance and can provide up to $2 Million.

Living Benefits designed to maintain your families Quality of Life in the event of a major Chronic, Critical or Terminal Illness.

  • Combined Term Life and Living Benefit
  • Access up to $2 Million for a qualifying condition
  • Funds can be used for any expense
  • Fully accelerated or partial benefit option
  • Level Premiums for 10, 20 or 30 years

Compare Traditional Critical Illness vs Term Life with Living Benefit

Critical IllnessLiving Benefit
Typical Benefit$10K - $50K$100K - $500K
Typical Premium $50K benefit$100/mnth$25/mnth
Trigger Conditions5 - 1020 plus
Death BenefitLimited to triggersUnlimited Causes*
Catastrophic Plan Benefit$0$100,000

Living Benefit Catagories

Chronic Illness –  Eligible insured is unable to perform 2 of 6 activities of daily living for a period of at least 90 days or requires constant supervision to protect
from threats to health or safety due to severe cognitive impairment

Critical Illness –  Eligible insured is diagnosed with one or more of 15 critical illnesses (see list below) 

Terminal Illness –  Eligible insured is diagnosed with an illness or condition that is expected to result in death within 24 months or less. (12 months in FL and NY)

Living Benefit Qualifying Conditions and Events

Criticial Illness

Chornic Illness

ALS (Lou Gehrig’s disease)
• Aorta Graft Surgery
• Aplastic Anemia
• Blindness
• Cancer
• Cystic Fibrosis
• End Stage Renal Failure
• Heart Attack
• Heart Valve Replacement

Major Organ Transplant
• Motor Neuron Disease
• Stroke
• Sudden Cardiac Arrest
 Critical Injury includes:
• Coma
• Paralysis
• Severe Burns
• Traumatic Brain Injury

Inability to perform two out of six “activities of daily living” for a period of at least 90 consecutive days without assistance, or that you are cognitively impaired.

Activities of Daily Living
1. Bathing            4. Eating
2. Continence     5. Toileting
3. Dressing          6. Transferring

Example Rates - Term Insurance with Living Benefits *

Face AmountAge 18 -35Age 36 -40Age 41 - 45Age 46-50Age 51 -55Age 56 -60Age 61 -65
$100K$20$20$29$42$69$59$97
$250K$26$34$53$77$124$124$195
$500K$44$62$98$142$142$219$383
$750K$63$90$144$130$205$314$552
$1 Million$80$158$373$270$267$408$743

* Sample Standard Non-Smoker Rates Individual Rates will vary depending on Underwriting

Minimum Death
Benefit Requirements

  • Minimum $100,000 for Terminal Illness Rider
  • Minimum $100,000 for Critical or Chronic Illness Rider

Maximum Total Death Benefit Available for Acceleration

  • $2,000,000 for issue ages 0–65
  • $1,000,000 for issue ages 66+ (including all eligible rider sattached to the base policy)