Living Benefits

Benefits That Reach You Before Your Passing

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Living Benefits

Benefits That Reach You Before Your Passing

Get Started

Living Benefits Life Insurance | Great Policies With A Living Benefit Rider

What Stands Out With An Accelerated Death Benefit Rider?

No Exam Policies Available

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Up To $1.5 million In Death Benefits

Great For Retirement

What is an Accelerated Death Benefit Rider?

An accelerated death benefit rider (ADB) is a benefit that may be attached to a life insurance policy that permits the policyholder to receive cash advances from the death benefit in case of being identified as having a terminal / chronic / critical illness. Many individuals who choose accelerated death benefits have less than one year to live and utilize the cash for other costs along with treatments needed to remain alive.

Get Whole Life Insurance Through Our A Rated Partners Who’ve Been In The Indusrty For Over 100 Years

we provide these plans with all our partners, these are just the featured options

transamerica term life insurance policy

Transamerica

Choose Transamerica whose been helping the financial state of million of americans for over a century now, becoming one of the most top rated life insurance companies.

mutual of omaha term life insurance policy

Mutual of Omaha

Choose life plans from a company that has been helping individuals, families, and businesses through life’s transitions for over a century now.

transamerica term life insurance policy

Sagicor

Choose Sagicor, a growing company in 17 different countries that help people in timeless, borderless, colorless manner. Find out more about what Sagicor has to offer

What’s Popular?

Lost in the options? Local Life Pro will make it easiest to find the accelerated death benefit rider online. Use our following chart to find out which company our clients chose most for having accelerated death benefits added to their policy.

  • transamerica 58%
  • mutual of omaha 26%
  • sagicor 16%

QUOTE WITH ONE TODAY

choose a company to quote with below

What are Living Benefits on a life insurance policy?
Living Benefits provide access to cash from a life insurance policy that can be used while you are alive. Living Benefits are also known as Accelerated Death Benefits. Benefits are based on an insured incurring a chronic, critical, or terminal illness as defined in the policy. Refer to the policy contract for complete requirements.
What is the difference between Living Benefits on a life insurance policy and Accelerated Death Benefits?
 Living Benefits and Accelerated Death Benefits are termsused interchangeably on a life insurance policy. Both offeraccess to funds that can be used for chronic, critical andterminal illnesses. When you choose to use your livingbenefits, you are accelerating your life insurance policy’s faceamount so that you can use the funds while you are alive.
When Do The Living Benefits Become Available
The accelerated death benefits may be available when a person has a terminal, critical or chronic illness.

Living Benefit Rider: Terminal Illness

Living Benefits Life Insurance options for terminal illness

Terminal illness meaning

Terminal Illness Meaning

Having terminal illness means you have a life expectancy of 12 months or less.

#1 Option: Transamerica

Face Amount of $25,000 all the way up to $2 million, with up to $1.5 million available in accelerated death benefits

#2 Option: Mutual of Omaha

New riders allow a cumulative maximum benefit of $1 million or 80 percent of the death benefit

#3 Option: Sagicor

Face amounts from $50,000 – $500,000 and a benefit amount of $300,000 or 50% of the death benefit amount.

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No Medical Exam Underwriting

Up to $250,000

Living Benefit Rider: Chronic Illness

Living Benefits Life Insurance options for chronic illness

Chronic illness meaning

Chronic Illness Meaning

Having a chronic illness means you’re unable to perform 2 of 6 Activities of Daily Living without assistance, or you’re severely cognitively impaired for a period of at least 90 days.

#1 Option: Transamerica

Face Amount of $25,000 all the way up to $2 million, with up to $1.5 million available in accelerated death benefits

#2 Option: Mutual of Omaha

New riders allow a cumulative maximum benefit of $1 million or 80 percent of the death benefit

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No Medical Exam Underwriting

Up to $250,000

Living Benefit Rider: Critical Illness

Best Living Benefits Life Insurance option for critical illness

Terminal illness meaning

Critical Illness Meaning

Being critically ill means you’ve been diagnosed with a health condition such as a heart attack, stroke, cancer, end stage renal failure, ALS, a major organ transplant, blindness or paralysis resulting from specific underlying conditions.

Transamerica

Face Amount of $25,000 all the way up to $2 million, with up to $1.5 million available in accelerated death benefits

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No Medical Exam Underwriting

Up to $250,000

consider this: Acceptance rates

although some options may look better than others side-by-side, if your health is currently unstable, you may want to consider a company’s acceptance rate. Being denied by even one company can leave you with very high chances of being denied by the rest.

HAVE OUR AGENTS FIND THE BEST CHOICE FOR YOU IN YOUR CURRENT CONDITION

(rates are gathered from our client’s experience)

Acceptance rates

%

TRANSAMERICA

%

MUTUAL OF OMAHA

%

SAGICOR

FIND OUT HOW ACCELERATED DEATH BENEFITS CAN HELP YOU

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Speak With A Local Life Insurance Agent

Local Life Pro has over a thousand certified, licensed life insurance agents scattered throughout the 50 states. We guarantee to have one nearby that knows all the plans in your area, as well as granting you the opportunity to meet in person to discuss better plans available. Your information is safe with us. Fill out the form to have a agent call you shortly.

Living Benefits Life Insurance

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