Life insurance you can use while you’re living.
Many modern policies let you access part of the death benefit early if you suffer a qualifying critical, chronic or terminal illness.
Protection for the hard days too.
Living benefits are accelerated death benefit riders. If you are diagnosed with a qualifying condition, such as a heart attack, stroke or cancer, or you can no longer perform certain daily activities, you may be able to receive a portion of your death benefit while living.
Riders, qualifying conditions and payout amounts vary by carrier and state. Any amount you accelerate reduces the death benefit your family receives later.
How it works
- Critical illness: qualifying events such as heart attack, stroke or cancer
- Chronic illness: unable to perform a set number of activities of daily living
- Terminal illness: limited life expectancy as defined in the policy
- Available on many term, whole life and IUL policies
- Some riders are included at no extra premium; a discount may apply at time of use
Is this right for you?
Primary earners
Whose family would struggle if a serious illness stopped their income.
Self-employed
With no employer disability coverage.
Anyone with family history
Of heart disease, stroke or cancer.
Living Benefits FAQ.
Serving Alpharetta and North Atlanta from 126 N Main St, Suite B200.
Do living benefits cost extra?
Some carriers include them at no additional premium and reduce the payout when you use them. Others charge for the rider. We’ll show you the difference.
Does using a living benefit cancel my policy?
Not necessarily. The accelerated amount (plus any fees or discount) is subtracted from the death benefit, and the remaining coverage can continue.
Are living benefits taxable?
Accelerated death benefits are often received income-tax free under federal law, but it depends on your situation. Consult a tax professional.
Is this the same as disability insurance?
No. Disability insurance replaces income when you can’t work. Living benefits pay a portion of your death benefit for specific qualifying illnesses.
Other ways to protect your family.
Term Life Insurance
The most coverage for the lowest cost, for the years your family depends on your income.
Learn more →Lifetime CoverageWhole Life Insurance
Permanent coverage with level premiums and guaranteed cash value.
Learn more →Growth PotentialIndexed Universal Life (IUL)
Permanent protection with cash value linked to a market index and a 0% floor.
Learn more →Peace of MindFinal Expense Insurance
Smaller whole life policies that cover funeral costs and final bills.
Learn more →Protect the HomeMortgage Protection
Coverage designed to pay off your home if something happens to you.
Learn more →For OwnersBusiness Owner Insurance
Key person coverage, buy-sell funding and protection for what you’ve built.
Learn more →Let’s build something that outlasts us.
Protect your family or start your career. Either way, it begins with one conversation.
470 · 777 · 7460