There are additional benefits associated with life Insurance and annuity solutions provided by optional riders. They are called Living Benefits. Based on the product, living benefits can provide benefits should a qualifying terminal, chronic or critical illness or critical injury occur*, or if your desire is to have an income that you cannot outlive.
*IULs offer a feature referred to as Living Benefits, which may provide funds for the purpose of long term care and/or other needs. This feature may be provided by optional Accelerated Benefits Riders.
Riders are supplemental benefits that can be added to a life insurance policy and are not suitable unless you also have a need for life insurance. Riders are optional, may require additional premium and may not be available in all states or on all products. This is not a solicitation of any specific insurance policy.
Payment of Accelerated Benefits will reduce the Cash Value and Death Benefit otherwise payable under the policy. Receipt of Accelerated Benefits may be a taxable event and may affect your eligibility for public assistance programs. Please consult your personal tax advisor to determine the tax status of any benefits paid under this rider and with social service agencies concerning how receipt of such a payment will affect you.