Protect Your Financial Future While You’re Living
Life insurance can do more than provide financial protection for your loved ones after you’re gone. With the right policy and living benefit features, you may be able to access a portion of your policy’s benefits during your lifetime when facing certain qualifying health conditions or unexpected financial challenges.
Living benefits can help create an additional layer of financial protection—giving you greater flexibility, confidence, and control when life takes an unexpected turn.
What Are Living Benefits?
Living benefits are features available through certain life insurance policies that may allow you to access part of your death benefit while you are still living if you experience a qualifying medical condition or situation.
Depending on the policy, benefits may be available for circumstances such as:
- Critical illness
- Chronic illness
- Terminal illness
- Long-term care needs
- Major medical events
- Loss of independence
The specific benefits, eligibility requirements, limitations, and availability vary by insurance policy and state.
Why Living Benefits Matter
An unexpected health event can affect much more than your physical well-being. Medical expenses, time away from work, caregiving costs, and everyday living expenses can place significant pressure on your finances.
Living benefits can provide access to financial resources when you may need them most.
Support Your Family
Living benefits may help reduce the financial burden placed on family members during a challenging period.
Protect Your Savings
Accessing available insurance benefits may help reduce the need to rely entirely on retirement accounts, investments, or personal savings.
Financial Flexibility
Use eligible benefits to help address expenses associated with a qualifying health event.
How Living Benefits Work
The process generally begins with selecting a life insurance policy that includes qualifying living benefit provisions.
If you later experience a qualifying condition, you may be able to request an accelerated portion of your policy’s death benefit.
1. Choose Appropriate Coverage
We help you evaluate your financial goals, protection needs, and available insurance options.
2. Understand Your Benefits
Review the policy provisions, qualifying conditions, eligibility requirements, and potential limitations.
3. Experience a Qualifying Event
If you experience a covered condition or situation, you may become eligible to request benefits.
4. Access Available Funds
If approved, a portion of the available benefit may be accelerated according to the policy terms.
5. Protect What Matters Most
Use the available funds to help manage qualifying expenses and maintain financial stability.
Living Benefits Can Help With More Than Medical Bills
When a serious health event occurs, the financial impact can extend beyond medical treatment.
Depending on your circumstances and policy provisions, available benefits may help with expenses such as:
- Medical and treatment-related costs
- Household expenses
- Mortgage or rent payments
- Utility bills
- Caregiving expenses
- Transportation
- Lost income
- Rehabilitation
- Long-term care needs
- Other financial obligations
The use of benefits depends on the specific policy and applicable requirements.
Build a More Complete Financial Protection Strategy
Financial planning isn’t only about preparing for retirement or building wealth. It is also about protecting the wealth and lifestyle you are working hard to create.
A comprehensive strategy may combine:
Life Insurance + Living Benefits + Retirement Planning + Asset Protection + Tax Strategies + Estate Planning
Together, these strategies can help create a stronger financial foundation for you and your family.