Critical Illness
May help after events like heart attack, stroke, or certain cancers.
Term coverage with living benefits
Compare Life Insurance With Living Benefits
Compare term life quotes from top-rated carriers and select coverage options with living benefit riders.
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Living Benefit Riders Pre-Screened
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What you are comparing
A death benefit plus options you may use while alive
Life insurance with living benefits is not one standardized product. It is a life policy paired with one or more accelerated death benefit riders. A qualifying event may let the policy owner access part of the death benefit before death, but the trigger, calculation and remaining benefit are controlled by the policy and rider forms.
Read the educational living-benefits guideChronic Illness
May help if you cannot perform daily living activities.
Terminal Illness
May help after a qualifying terminal diagnosis with a limited life expectancy.
Original quote snapshot · July 31, 2026
What did living-benefit term coverage cost in one matched comparison?
We ran one anonymous market comparison for a healthy 35-year-old California male seeking $1,000,000 of 20-year level term coverage. The applicant was modeled as Preferred Plus, non-tobacco, with an A- minimum carrier rating. These are estimates—not offers or approved premiums.
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| Product | Comparison role | Annual estimate | Monthly estimate |
|---|---|---|---|
| Transamerica Trendsetter Super 20 | Baseline term quote | $380.00 | $32.30 |
| Ameritas Value Plus Term 20 | Standard term comparison | $530.00 | $45.95 |
| Ameritas ClearEdge Living Benefits Term 20 | Critical, chronic and terminal illness riders | $620.00 | $52.70 |
The matched Ameritas difference
ClearEdge Living Benefits Term was $620 per year versus $530 for Ameritas Value Plus Term in this sample—a $90 annual difference, or about 17%. This does not establish a universal living-benefit surcharge; it shows why comparing matched products is more useful than relying on a broad percentage claim.
How to read the prices
Monthly payment-mode charges can make monthly premium × 12 differ from the annual premium. Final pricing depends on underwriting, insurance age, state, payment mode, product and rider availability. The issued contract—not a web quote—controls coverage.
Source methodology: public Term4Sale/Compulife estimates retrieved July 31, 2026. FindInsureWise did not alter the displayed carrier prices.
Policy-first comparison
Five term products are not five identical living benefits
FindInsureWise works with 12 partner carriers. The examples below show why the product and issue-state rider forms matter more than the phrase “living benefits” by itself.
Ameritas
ClearEdge Living Benefits Term
Critical, chronic and terminal illness
Up to 90% of the death benefit, subject to a $1.5 million maximum and the rider's benefit calculation.
Product guideCorebridge Financial
QoL Flex Term
Critical, chronic and terminal illness
Combined accelerated-benefit lifetime maximum up to $2 million; eligibility and payment depend on rider terms.
Product guideNationwide
Guaranteed Level Term
Available accelerated benefit riders vary by state
Review the issue-state rider forms instead of assuming every benefit is available with every policy.
Product guideBanner Life
OPTerm
Accelerated death benefit
Useful as a lower-cost term comparison, but not equivalent to a three-category living-benefit package.
Product guideJohn Hancock
Protection Term
Terminal illness accelerated benefit
May provide access to up to 50% of the death benefit, subject to a $1 million maximum and policy terms.
Product guideProduct guides are provided for research. Availability, definitions, exclusions, discounts and acceleration calculations vary by state and contract version.
Our comparison method
Compare the contract, not just the monthly number
A useful recommendation requires more than sorting premiums from low to high.
- 1Match the same face amount, term, state and underwriting class.
- 2Identify whether critical, chronic and terminal illness benefits are included or optional.
- 3Check qualifying-event definitions, waiting periods and state variations.
- 4Compare the acceleration method, maximum benefit and effect on the remaining death benefit.
- 5Review conversion rights, renewal schedule and payment-mode charges.
- 6Confirm details in the issued policy and rider forms before accepting coverage.
Licensed service area
Available guidance in 32 states
FindInsureWise is a DBA of NewGen Insurance Agency Networks, Inc. Product and carrier availability can differ by state, applicant and underwriting outcome.
View agency license information- Arizona
- California
- Colorado
- Connecticut
- Delaware
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Montana
- Nevada
- New Jersey
- New Mexico
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- South Carolina
- South Dakota
- Texas
- Utah
- Vermont
- Virginia
- Washington
Independent consumer and tax resources
Carrier contracts control policy benefits. For broader consumer education and tax context, consult primary government resources or your own licensed tax professional.
Common questions
Enough clarity to make the next step easier.
Living benefits are useful, but the details matter. These are the questions most families should answer before choosing a policy.
What does life insurance with living benefits mean?
It is life insurance that may protect your beneficiaries if you pass away and may also let you access part of the death benefit while living after a qualifying critical, chronic, or terminal illness.
Is this still term life insurance?
Yes. The policies we compare are term life options. The difference is whether the policy includes meaningful living benefit riders in addition to the death benefit.
Do living benefits cost extra?
It depends on the carrier, policy, state, age, and underwriting class. Some competitive term policies include living benefit riders, so the best next step is to compare both premium and benefit structure.
Will using living benefits reduce the death benefit?
Usually, yes. Living benefits are generally accelerated death benefits, so using part of the benefit while alive typically reduces the remaining benefit available later.
Research before you compare
Independent guides for the details behind the quote
Use these focused resources to understand policy mechanics, examples, and comparison criteria without repeating the quote information on this page.
What Living Benefits Cover
Understand critical, chronic, and terminal illness rider categories.
How Term Living Benefits Work
See how acceleration may affect the policy and remaining death benefit.
Living Benefit Examples
Review anonymized scenarios and the assumptions behind them.
Compare Living-Benefit Term Options
Learn which rider and pricing factors belong in a policy comparison.
Ready to compare
See term life options with living benefits.
See term life options with living benefits that fit your needs.
Product availability, riders, and benefits vary by carrier, state, and underwriting.