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Living Benefits

Access Your Death Benefit Early with Living Benefits Life Insurance for Critical Health Conditions.

Imagine having life insurance that doesn’t just protect your loved ones but also provides financial support if you face a serious illness. With living benefits, your policy can offer critical funds when you need them most, even before you’re gone.

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Living benefits allow you to access your life insurance death benefit while you’re still alive, providing financial support during critical times such as serious illness or injury. This feature can offer significant relief by helping cover medical expenses, long-term care, or other urgent needs.

Features and Benefits

Long-Term Care Rider

Provides financial resources for long-term care services if you’re unable to manage daily activities, safeguarding your quality of life.

Critical Illness Rider

Offers a lump sum payout for serious medical conditions like heart attacks or strokes, helping cover extensive medical expenses.

Chronic Illness Rider

A rider that lets you draw from your policy’s benefits if you’re unable to perform daily activities due to a chronic condition.

Terminal Illness

A feature allowing early access to the death benefit in cases of terminal illness, providing financial support during critical times.

FREQUENTLY ASKED QUESTION

To provide you with the information you need quickly and easily.

  • What Are Living Benefits?
    Living benefits allow policyholders to access a portion of their life insurance death benefit while still alive, providing financial support for critical expenses.
  • How Do Living Benefits Work?
    Living benefits work by enabling you to withdraw funds from your policy for medical emergencies, serious illness, or long-term care needs without waiting for the death benefit payout.
  • Eligibility for Living Benefits
    Eligibility for living benefits typically requires a qualifying event, such as a terminal illness diagnosis or a critical health condition. Check your specific policy for details.
  • Living Benefits vs. Death Benefits
    Living benefits provide funds while you’re alive for urgent needs, whereas death benefits are paid to beneficiaries upon the policyholder's death.
  • Can You Access Living Benefits Early?
    Yes, living benefits can often be accessed early in certain situations, such as serious illness or disability, depending on the policy's terms.
  • Tax Implications of Living Benefits
    Generally, living benefits are not taxable, but it’s advisable to consult a tax professional for personalized advice based on your situation.

More Questions? We have answers.

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NGA Financial is a licensed insurance service in the state of Florida (FL license # L127569). Your privacy is important to us. We collect and use your information as described in our Privacy Policy. Products and their features may not be available in all states. To help avoid requiring a medical exam, our application includes certain health and lifestyle questions.2024© NGA Financial. Alright Reserved