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Reliable Financial > Our Services > Life Insurance with Living Benefits

Life Insurance with Living Benefits

You probably think of life insurance as a tool to protect your loved ones if you pass away, but do you know that certain modern life insurance policies offer riders that can provide a financial resource if you experience a qualifying terminal, chronic or critical illness?

Accelerated Benefit Riders are optional, no-additional cost riders that can allow you to access all or part of your death benefit, while living, if you experience a qualifying terminal, chronic, or critical illness, or critical injury. The use of the benefit is unrestricted with the exception that ABR proceeds for chronic illness, and can only be used to pay for expenses incurred for Qualified Long-Term Care services.
Since the benefit is unrestricted, once you qualify, you can use the benefit for any reason.

Benefits might be used for, but are not limited to:

  • Household expenses
  • Adult Day Care
  • Home modifications
  • Regular bills
  • Nursing home care
  • Quality of life expenditures

The most common types of living benefits are:

Accelerated Death Benefit

If you lose your ability to earn money due to a terminal illness, an ADB rider lets you take a portion of your payout to make life more comfortable while still retaining the bulk of the payout for your beneficiaries.

Disability Waiver Benefit

 If you become disabled and are unable to meet your premiums, this living benefits rider will make the payments void.

Nursing Care Benefit

If you require residential care or in-home care, this can remove the financial strain on your family and they can still receive the bulk of the original payout upon your death.

We care about providing our customers with the best life insurance and living benefits possible. Prepare for the unexpected, and let Reliable-Financial help you today!