What Are living benefits?

There are some special benefits tied to our life Insurance solutions provided by optional riders. We call them Living Benefits, & we have been providing them since 1998. Living Benefits can provide MUCH NEEDED cash should a qualifying terminal, chronic or critical illness or critical injury occur, or if your objective is to have an income that you can’t outlive.

The best way to get an understanding of the AMAZING impact Living Benefits can have is to hear from policy owners who have actually used them. Here’s a quick breakdown:

LIVING BENEFITS EXPLAINED

The Living Benefits Riders, or Accelerated Benefit Riders (ABRs) help provide peace of mind at a time when the LAST thing you need to worry about is money. It allows the policy owner to have access to an early (accelerated) payout of the death benefits within your policy if the insured is diagnosed with a qualifying illness or injury.

Terminal Illness

Pays a benefit if you are diagnosed with a terminal illness resulting in life expectancy of less than 12 months (24 months in some states). This can be used for experimental medicine, prepare for final expenses or any other purpose you feel necessary.

Chronic Illness

Pays a monthly benefit should you become diagnosed as chronically ill and unable to perform two daily activities such as bathing, dressing, eating, or due to cognitive impairment. This benefit is paid annually (up to 24% of your death benefit).

Critical Illness

Pays a lump sum benefit should you suffer from a triggering illness such as cancer, heart attack, stroke, Lou Gehrig’s disease (ALS), blindness due to diabetes, kidney failure or major organ transplant, and more!

Get Living benefits!

At Alliance Group, Living Benefits are included on all policies…at NO additional Cost! We like to call them “Life insurance you don’t have to die to use”! Accelerated Benefits 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.

Since the benefit is unrestricted, once you qualify, you can use the benefit for any expense.

Expenses might include, but are not limited to: – Household expenses – Adult Day Care – Home modifications – Regular bills – Nursing home care – Quality of life expenditures…WHATEVER!

Most people know life insurance can help provide financial security and continuity during one of life’s most difficult times: the death of a loved one.

What few people know is that life insurance can also help during another one of life’s most difficult times: a chronic, critical or terminal illness.  This help comes in the form of optional riders called Accelerated Death Benefit Riders, also generically known as Living Benefits, which can be added at no additional cost.