Living Benefit Term

Living Benefit Term Life is designed to assist your family 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 Benefit Plans can provide from $100 thousand up to $1 million lump sum.

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 – insured is unable to perform 2 of 6 activities of daily living  requiring constant supervision due to severe cognitive impairment

Critical Illness – insured is diagnosed with one or more of 17 critical illnesses

Terminal Illness –  Eligible insured is diagnosed with an illness or condition that is expected to result in death within 12-24 months

Qualifying Conditions and Events

  • Cancer
  • Heart Attack
  • Stroke
  • Major Organ Transplant
  • End Stage Renal Failure
  • Tramatic Brain Injury

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

* Standard Non-Smoker Rates - actual rates vary depending on Underwriting

Max and Min Benefit Requirements

  • $1 Million Maximum Benefit
  • Minimum $100,000 for Terminal Illness Rider
  • Minimum $100,000 for Critical or Chronic Illness Rider

Maximum Total Death Benefit Available for Acceleration