Living Benefits
In short, it’s life insurance you don’t have to die to use.
Living Benefits Life Insurance.
Living Benefits are the new kind of life insurance.
In short, it’s life insurance you don’t have to die to use.
Do you have the old kind or the new kind?
Do More With Your Life Insurance Policy.
More For The Same Price: Living Benefits give you more options, more flexibility, and more protection –
all for the same price as an old-fashioned life insurance policy that only pays out if you die. It’s a no-brainer.
Pays Out Upon
- Death
- Heart Attack
- Stroke
- Cancer
- Blindness
- Paralysis
- Traumatic Brain Injury
Traditional Life Insurance
- At the Same Price
Life Insurance with Living Benefits
- At the Same Price
You wouldn’t buy a new car that didn’t come equipped with airbags, right?
So why would you own a life insurance policy that doesn’t come equipped with modern features that allow you early access to your death benefit if you get sick? If free Living Benefits aren’t included in your coverage, you’re exposing yourself to unnecessary risk.
Helping you get the most out of life.
Living Benefits Life Insurance.
Living Benefits life insurance represents a modern twist on life insurance coverage. A policy featuring living benefits riders (also known as accelerated benefit riders, or ABRs) will grant “early access” to the policy’s death benefit while the insured party is still alive if they are to suffer any of the triggering conditions contained in that policy’s living benefits riders.
- Provides peace of mind
- Comes with your policy
- No extra cost
Frequently Asked Questions
Living benefits are policy features or riders that let you access part of your life insurance benefit while you’re still alive if you experience qualifying serious health events such as terminal, chronic, or critical illness or injury. These benefits act as accelerated death benefits and provide funds when you need them most.
When a qualifying health event occurs, an insurer may offer you a portion of your life insurance death benefit early. You can accept full, partial, or no payout, and the accelerated amount is based on severity and policy terms. Electing living benefits typically reduces the remaining death benefit.
Common triggers include terminal illness with limited life expectancy, critical illnesses like cancer or stroke, chronic conditions that impair daily living activities, and severe injuries such as paralysis or traumatic brain injury. Specific triggers vary by carrier and policy.
Yes. When you accelerate part of your death benefit to access funds while alive, the remaining death benefit available to beneficiaries decreases proportionally to the amount taken.
At 5RF Agency, many living benefits riders can be included at no extra premium cost, meaning you receive more coverage flexibility without paying additional base policy costs. Always confirm with the specific insurer and policy terms.