The purpose of living benefits is to allow the policy owner the opportunity to use his or her life insurance benefits early in the case of serious injury, terminal illness, or other debilitating medical conditions.
Serious illnesses and injuries could affect your ability to earn an income. Living Benefits allow a policyholder to offset this issue by accessing life insurance benefits prior to death.
Think life insurance only pays out to your loved ones when you die? Not anymore. Access your own life insurance benefits while living. By adding the Accelerated Access Solution (AAS) chronic illness rider to a select life insurance policy, you can access your income tax-free life insurance benefits, if diagnosed with a chronic illness.
Should an eligible chronic illness occur, you can be paid monthly benefits until that illness improves or your AAS benefit is exhausted—whichever happens first.
It’s a good option for consumers who understand the value and security of combining death benefit and chronic illness protection into one.
AAS Provides Freedom of choice
Unlike many long-term care reimbursement policies, it can be used to pay for virtually any expense – even those unrelated to the illness:
Assisted living or nursing home
Home maintenance (lawn, handyman, etc.)
Home improvements (new furniture, upgraded shower, ramp installation, etc.)
Gas for transportation to and from treatments
Cash in the pocket of a friend or loved one taking time off work to assist in your care
Prime Insurance Group offers free, comparative quotes on Living Benefits from multiple insurance carriers so you can get the best possible rate.
Want to see how much we can save you? Just request a quote to find out.