August 2021

Living benefits riders can only pay for qualifying end-of-life expenses like hospice care, nursing home care, and in-home caretakers. Some are free, while others may require an additional premium. The most common living benefit riders are: Terminal illness rider: This is often automatically included in your policy. To qualify, you’ll need to have a terminal diagnosis with a life expectancy …

What are the different types of living benefits riders? Read More »

A life insurance policy is meant to create a financial safety net for your family when you pass away. But life insurance policies with living benefits allow you to access some of the death benefit while you’re alive using optional add-ons called riders. Living benefits pay out some percentage of your death benefit to cover expenses related to terminal or critical illness. …

Life insurance with living benefits. Read More »