Living Benefits
Life Insurance With Living Benefits
Protection for when LIFE HAPPENS
Life can throw you a lot of curveballs and catching them isn’t easy. That’s where life insurance can help. All insurance policies can protect you in the event of an unexpected death, but life insurance also offers Living Benefits, which you don’t
have to die to use, to protect you and your family. In addition to a death benefit, your policy has you covered if you experience a qualifying terminal illness, chronic illness, critical illness, or critical injury — or
a qualifying diagnosis of Alzheimer’s disease or Lewy Body Dementia. Additional riders can also provide guaranteed income in retirement. At the end of the day, life insurance is about protecting what matters most.
52% of American adults have life insurance
39% of insured Americans wish they had
purchased their policies at a younger age.
42% of families would face financial hardship within 6 months in the event of the death of a wage earner.
102 Million Americans are uninsured or underinsured.
14 Million Americans are projected to
have Alzheimer’s disease by 2060.
See video Why living Benefit Riders Matter
We are here to do Life with you
Together, let’s create
a plan to help you achieve
peace of mind by:
Protecting Your Legacy
More than 50% of American households rely on two income streams.
The average American will leave behind $61,554 in debt.
As an individual or a business owner, death benefit protection helps you leave a legacy, not a liability.
Whether your legacy will be your family, business, or charitable contribution, life insurance can help protect what matters most.
Your policy’s death benefit helps to keep what you leave behind alive with financial protection for today while planning for a secure future.
50% of people overestimate the cost of life insurance.
1 in 4 (26%) insured Americans only have Group/Employer Sponsored Coverage that may not provide adequate coverage and will not go with them when they retire.
Over 39% of Americans will be diagnosed with cancer in their lifetime.
45% of Americans carry medical debt.
Living Benefits
Are About Living
With Living Benefits, life insurance is more than protecting what you leave behind at death, but also providing financial support during the unexpected.
Accelerated Benefits Riders (ABRs) are optional, no-additional cost riders that can allow you to access a discounted portion of your death benefit, while living, if you experience a qualifying terminal illness, chronic illness, critical illness, or critical injury — or a qualifying diagnosis of Alzheimer’s disease or Lewy Body Dementia.
ABRs are generally unrestricted, with the exception of the state of Massachusetts, so once you qualify you can use the money for any reason. Benefits might be used for, but are not limited to:
Household expenses
Adult day care
Home modifications
Regular bills
Home and assisted living care
Retire with Confidence
While many may rely on their retirement savings for income, we are here to help should your savings run out. You could supplement your retirement income by
accessing your policy’s cash value or activating your Lifetime Income Benefit Rider (LIBR).
Accessing Cash Value
Your permanent life insurance policy can build cash value – money you can access through policy loans or withdrawals as potential supplemental income in your retirement.
Lifetime Income Benefit Rider
The Lifetime Income Benefit Rider (LIBR) has the potential
to provide a guaranteed source of income for life.
Automatically included in eligible life insurance policies, it can serve as supplemental retirement income to help you enjoy life during retirement. Your policy’s LIBR benefits can be used for various expenses during retirement including:
A quarter
Of U.S. adults have no retirement
savings and only 36% feel their
retirement planning is on track
Debt pay-off
Housing expenses
Long-term care
Regular bills
Vacation and travel