Life Insurance You Can Use While You’re Still Living? Yes — Here’s How.
Modern life insurance policies from carriers like Fidelity & Guaranty Life and National Life Group offer Living Benefits. These allow you to access part of your death benefit early if you’re diagnosed with a serious illness or injury.
What Are Living Benefits?
Living Benefits let you use your life insurance policy while alive in cases of:
- Terminal Illness – Life expectancy of 24 months or less.
- Chronic Illness – Inability to perform 2 of 6 daily living activities.
- Critical Illness – Conditions like cancer, heart attack, stroke, or transplant.
- Critical Injury – Serious trauma such as coma, paralysis, or brain injury.
Real-Life Scenarios
Single Mom Diagnosed with Cancer
Maria, 38, used $120,000 in benefits from a $500,000 policy to:
- Cover medical bills
- Reduce work hours
- Hire help during treatment
Small Business Owner Suffers a Stroke
David, 54, accessed $75,000 from his IUL policy to:
- Pay for rehab and caregiving
- Cover lost income
- Protect retirement savings
Retired Teacher Diagnosed with Terminal Illness
Elaine, 67, received 50% of her death benefit early and used it to:
- Travel with family
- Pay down debt
- Create lasting memories
Why Living Benefits Matter
- Provides value while you’re living
- Offers financial flexibility during illness or injury
- Often included at no extra cost
- No repayment required
Final Thoughts
Living Benefits turn life insurance into a real-time financial tool. Let’s make sure your policy includes them.
Schedule a Free Consultation
- Call: 847.920.6265
- Email: Andres@Lifelyinsure.com
- Visit: The Contact Page on our website
