Sentences with phrase «as chronic illness riders»

The life insurance companies also offer solutions such as chronic illness riders AND long term care riders, which allow a portion of the policy death benefit to be used for long term care costs while also preserving a portion of the death benefit coverage.

It basically acts as a chronic illness rider, allowing you to tap into your policy's death benefit if you are diagnosed with a qualifying chronic illness.

Not exact matches

Beyond its core protection, accumulation and premium guarantees, the product offers built - in and optional riders that can enhance cash value growth, provide flexibility to meet diverse protection needs and budgets and deliver added security for unexpected life events such as chronic illness.»

The policy may also include additional riders, such as terminal illness, chronic illness and critical illness accelerated benefit riders.

The Company's LTC rider allows access to the policy's death benefit to cover costs associated with long - term care services due to chronic illness or severe cognitive impairment, such as Alzheimer's Disease.

If you are diagnosed with a chronic illness or severe cognitive impairment (Alzheimer's, Dementia), the rider allows you to accelerate a portion of your death benefit to be used either as reimbursement or cash indemnity.

There are even chronic illness riders that offer additional benefits, such as the owner receiving a stream of monthly payments up to 100 percent of their remaining death benefit.

The Chronic Illness rider gives you the option to accelerate a portion of your death benefit early if you are certified by a physician as being unable to perform at least two ADLs or activities of daily living (bathing, continence, dressing, eating, toileting, transferring) or if you require substantial supervision due to severe cognitive impairment.

As shown in the example above, not only does IUL offer the ability to provide a tax - advantaged method of cash flow, many IUL policies offer riders and endorsements for critical illness, chronic illness, and terminal illness.

Additional living benefit riders, such as chronic illness and disability, can be added.

Life insurance with long term care rider or chronic illness rider if co-owner is diagnosed as chronically ill or with a severe cognitive disorder.

This article defines an Accelerated Death Benefit rider and presents common medical situations for which it may be used while you are alive, such as for a chronic illness or terminal medical condition

It can be purchased as a standalone product, or as a rider on a life insurance policy that triggers when a chronic illness leaves someone unable to care for themselves.

An accelerated death benefit rider allows you, as the policyholder, to use all or a portion of the policy death benefit for various expenses in the event you are diagnosed with a chronic, critical, or terminal illness.

Many companies are also often additional rider or benefits to these policies for things like Long Term Care, Lifetime Income, Critical Illness or Injury, as well as Chronic Illnesses.

Under this rider, you can choose between two options; first option only covers 4 critical illnesses including heart attack, cancer, coronary artery bypass graft and stroke while the second option provides comprehensive protection against 25 critical illnesses such as chronic lung disease, apallic syndrome, heart valve surgery, major head trauma etc..

Chronic Illness Rider: In the case of the insured being diagnosed with a chronic illness or have less than 6 months to live, this rider allows the insured to have access to death benefits for the cost of living such as nursing home or medicalChronic Illness Rider: In the case of the insured being diagnosed with a chronic illness or have less than 6 months to live, this rider allows the insured to have access to death benefits for the cost of living such as nursing home or medicalIllness Rider: In the case of the insured being diagnosed with a chronic illness or have less than 6 months to live, this rider allows the insured to have access to death benefits for the cost of living such as nursing home or medicalchronic illness or have less than 6 months to live, this rider allows the insured to have access to death benefits for the cost of living such as nursing home or medicalillness or have less than 6 months to live, this rider allows the insured to have access to death benefits for the cost of living such as nursing home or medical bills.

As you plan your financial future you might want to consider the potential benefits of adding a chronic illness rider to your indexed life insurance policy.

A chronic illness rider allows you to access a portion of your death benefit if you are diagnosed as being unable to perform 2 of 6 activities of daily living.

In addition, certain riders, such as long - term care riders and chronic illness riders, can be added to your policy, which allow you to access your death benefit if you are diagnosed with a qualifying chronic illness.

Long term care riders and chronic illness riders attached to your life insurance can be a huge blessing to your estate as an alternative to using estate assets to pay for long term care.

Accelerated death benefit riders pay an unrestricted advance of a portion of the life insurance death benefit when the insured experiences terminal or chronic illness as defined in the rider.

If you are diagnosed with a chronic illness or severe cognitive impairment (Alzheimer's, Dementia), the rider allows you to accelerate a portion of your death benefit to be used either as reimbursement or cash indemnity.

Chronic Illness Riders allow you to access a portion of your death benefit in advance if you are diagnosed with a qualifying chronic illness, such as malignant cancer, Alzheimer's, heart disease, diabetes, COPDChronic Illness Riders allow you to access a portion of your death benefit in advance if you are diagnosed with a qualifying chronic illness, such as malignant cancer, Alzheimer's, heart disease, diabetes, COPDIllness Riders allow you to access a portion of your death benefit in advance if you are diagnosed with a qualifying chronic illness, such as malignant cancer, Alzheimer's, heart disease, diabetes, COPDchronic illness, such as malignant cancer, Alzheimer's, heart disease, diabetes, COPDillness, such as malignant cancer, Alzheimer's, heart disease, diabetes, COPD, etc..

Although all life insurance companies are constrained by legal limits such as the MEC rules, some offer more flexibility for options such as paid up additions riders or options for chronic illness or long - term care.

The Company's LTC rider allows access to the policy's death benefit to cover costs associated with long - term care services due to chronic illness or severe cognitive impairment, such as Alzheimer's Disease.

However there are significant differences between Accelerated Death Benefit for Chronic Illness and a Long - Term Care Riders as well as the benefits offered on each insurer's policy.

Beyond its core protection, accumulation and premium guarantees, the product offers built - in and optional riders that can enhance cash value growth, provide flexibility to meet diverse protection needs and budgets and deliver added security for unexpected life events such as chronic illness.»