Living BenefitsLiving Benefits
Living Benefits
ExplainedLiving Benefits
Explained
Understand how critical, chronic, and terminal illness riders work — and how they can help you and your family when it matters most.
Why Living Benefits
Coverage may provide access to benefits if you're diagnosed with a serious illness such as:
According to the American Heart Association and the American Cancer Society, heart disease, stroke, and cancer are among the leading causes of disability during working years.
See all qualifying conditions →Long-term Illness or Disability
A chronic condition that keeps you from working or living independently.
Learn more →End-of-life Expectancy
When time is limited and every moment matters for you and your family.
Learn more →These are examples, not a complete list. Coverage depends on your policy.
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Sample rates for Male, Age 32, $500,000, Preferred Plus. Actual rates vary.
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Featured Guides
Helpful reads to answer your questions and guide your decisions.
View all articles →
BUYING GUIDE
Best Term Life Insurance with Living Benefits in 2026
Compare top carriers including Corebridge QoL Flex Term, National Life Group, and Ameritas — with real pricing and living benefit differences.
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COMPARISON
Living Benefits vs Traditional Term Life
Learn how living benefits may help during qualifying serious illnesses, not only after death.
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CASE STUDY
Life Insurance with Living Benefit Examples
See how a living benefit may work after cancer, heart attack, chronic illness, income loss, and family expenses.
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EXPLAINER
What Is Term Life Insurance with Living Benefits?
A plain-English guide to how living benefits work, when they can be used, and what to compare before you buy.
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COST GUIDE
Term Life Insurance Cost in 2026
See how age, coverage amount, term length, and living benefits affect what families actually pay.
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RIDER GUIDE
Critical Illness Rider: How It Works
Understand how critical illness living benefits may help after cancer, heart attack, stroke, and similar diagnoses.
Read more →HOW IT WORKS
The Application Process
From your first quote to policy in hand — we're with you every step of the way.
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We Submit Your Application
Policy Approved
Living benefits are accelerated benefit riders attached to your term life policy. If you're diagnosed with a qualifying critical, chronic, or terminal illness, you may be able to access a portion of your death benefit while you're still alive. Payouts for qualifying terminal and chronic illness are generally income-tax-free under IRC § 101(g).
No. Getting a quote and submitting an application through FindInsureWise is completely free. You only pay your policy premium if you're approved and choose to accept coverage.
Most applicants qualify without a medical exam. Approval is based on your application answers and health history. An exam may be required for higher coverage amounts or certain health profiles.
No. Term life insurance premiums are locked in at the rate you're approved for. Your monthly payment stays the same for the entire term length.
It depends on the condition, severity, and timing. Some conditions are still insurable — often at a different rate class. We recommend applying and letting the carrier make the determination. Your state insurance department, listed at NAIC.org, can answer questions about consumer protections in your state.
Need help?
Talk to a licensed specialist who can answer your questions and help you find the right coverage.
Contact us →Living Benefit
Claim Process
If a qualifying illness happens, we make the claims process simple and stress-free.
Learn more about claims →1. Receive Instructions
2. Submit Your Claim
3. Carrier Reviews
4. Benefits Paid
1. Receive Instructions
Once your policy is in force, we'll send you benefit claim instructions based on your carrier.
2. Submit Your Claim
Complete the claim form with your physician's certification and HIPAA authorization.
3. Carrier Reviews
The insurance company reviews your documentation — typically within 5 business days.
4. Benefits Paid
Funds are paid directly to you by check or EFT.
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and yourself?
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and yourself?
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