BUYING GUIDE FOR LIVING BENEFITSBUYING GUIDE FOR LIVING BENEFITS
Understand living benefitsUnderstand living benefits
Coverage that may help while you're alive.
THE THREE LIVING BENEFITS
Coverage for three types of serious illness
Living Benefits cover three distinct categories of illness — each with different triggers and benefit amounts.
Critical illness
If you're diagnosed with a covered critical illness such as a heart attack, stroke, or cancer, you may be able to access a significant portion of your death benefit to cover medical bills and expenses.
Chronic illness
If you're unable to perform two or more Activities of Daily Living (ADLs) due to a chronic condition, you may be eligible to access your benefit — helping fund long-term care or in-home assistance.
Terminal illness
If you're diagnosed with a terminal illness and a limited life expectancy, you may access a large portion of your death benefit early — giving you financial peace of mind during end-of-life care.
THE CLEAR DIFFERENCE
Living Benefits vs. traditional term life
Traditional term life only pays when you die. Living Benefits change that — giving you access to funds when you may need them most.
Term Life with
Living Benefits
Traditional Term Life
HOW IT WORKS
Simple steps when life changes
If a qualifying illness happens, Living Benefits may help you access part of your coverage early.
Choose coverage
Apply
Qualify for Living Benefits
Access support if needed
Choose coverage
Apply
Qualify for Living Benefits
Access support if needed
COVERAGE EXAMPLES
How much Living Benefits coverage do you need?
Your coverage amount determines how much you can access early. These examples show common starting ranges.
Typical coverage
$500K
Basic income replacement, single, no dependents
$750K
Income + bills covered, one dependent
$1.0M
Family with mortgage and children
Frequently asked questions
Yes — that's the defining feature. If you're diagnosed with a qualifying critical, chronic, or terminal illness, Living Benefits may allow you to access a portion of your death benefit early. The funds can be used for any purpose.
On the policies we compare through our platform, Living Benefits are included as built-in riders at no additional cost. Not all carriers or policies include them — that's why comparing matters.
Generally yes. Unlike some insurance products with restricted use, Living Benefits payouts are typically unrestricted — you can use them for medical bills, mortgage payments, childcare, or any other expense.
Yes. Any amount you access early through Living Benefits will reduce the remaining death benefit paid to your beneficiaries. The specifics vary by carrier and policy — it's important to understand the terms before you apply.
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