An accelerated death benefit rider is provided on all standard issue policies at no additional cost. As the policy-owner, you may request a portion of your death benefit if you meet one of the qualifying conditions.
- 90% of your death benefit can be taken in advance if you have been diagnosed with a terminal illness (defined as having less than one year to live).
- 75% of your death benefit is available as a lump sum if you are permanently confined in a qualified nursing facility.
- 50% of your death benefit can be taken if you require home health care; this provides an additional layer of financial flexibility.
- 50% of your death benefit can be taken if you develop a chronic illness, in order to cover medical expenses and other costs.