Life Insurance Isn’t Always Only About What Happens After You’re Gone
Certain life insurance policies may include or offer riders that provide access to a portion of the death benefit after a qualifying health event, depending entirely on the policy and rider.
What Are Living Benefits?
Living benefits refer to riders that may be included in or added to certain life insurance policies. These riders may provide access to a portion of the death benefit while the insured is still living, following a qualifying health event.
Potential qualifying circumstances may include critical illness, chronic illness, or terminal illness, depending entirely on the policy and rider. Availability, definitions, costs, benefit amounts, and restrictions vary by carrier and contract.
Protection for the Unexpected
If a qualifying event occurs, the accelerated benefit may be used for a variety of needs:
Household Expenses
Help with everyday bills while focusing on recovery.
Medical-Related Expenses
Help address costs that insurance may not fully cover.
Mortgage or Rent
Help keep housing payments current.
Caregiving
Help fund in-home care or other caregiving needs.
Replacing Lost Income
Help replace earnings during a health event.
Other Financial Obligations
Help address additional financial responsibilities.
Understanding Living Benefits
Explore Living Benefit Options
Schedule a Free ConsultationImportant Considerations
Qualification Is Not Guaranteed
Access to living benefits requires meeting the specific criteria defined in the rider. Qualification is not guaranteed and depends on the policy and carrier.
Reduces Death Benefit
Accessing a living benefit typically accelerates a portion of the death benefit, which reduces the amount remaining for beneficiaries.
Availability Varies
Living benefit riders are not available on every policy. Availability, definitions, costs, benefit amounts, and restrictions vary by carrier and contract.
Potential Costs
Living benefit riders may involve additional costs or charges. Review the policy and rider terms carefully.
Guidance From Someone Who Understands Families
Work directly with Keona DuBose.
I’m the founder of Life Legacy Collective, and my story starts long before I became a life insurance agent. For more than 25 years, I worked in social services and case management, walking alongside individuals and families during some of the most difficult seasons of their lives. I helped people navigate crisis, find resources, and move forward with hope. Through that work — and through my own personal experiences — I saw one truth over and over again:
Frequently Asked Questions
Not Sure Which Solution Is Right for You?
You don’t have to figure it out alone.
Life insurance and retirement solutions can vary significantly based on your age, family responsibilities, financial goals, health, budget and long-term objectives.
Work directly with Keona DuBose to discuss your goals, understand your options and explore solutions that may be appropriate for your situation.
KEONA DUBOSE
Licensed Life Insurance Agent
Life Legacy Collective
No obligation. Your consultation is an opportunity to ask questions and better understand your available options.
Living benefits are riders that may be included in or added to certain life insurance policies. Availability, definitions, costs, benefit amounts, and restrictions vary by carrier and contract. Accessing a living benefit typically reduces the death benefit. Qualification is not guaranteed. This page is for educational purposes and is not an offer of coverage.