The Living Benefit Rider is an accelerated death benefit that recognizes life’s uncertainties and the financial stress of an unforeseen illness. It allows you to access a portion or all of the death benefit from your life insurance policy before death if you are diagnosed with a covered terminal, chronic or critical illness.
Best of all, it’s automatically included on policies that meet the requirements at no additional cost.
Life insurance with the Living Benefit Rider becomes insurance for the living because it provides you with greater control and added peace of mind during your final days.
This is not health insurance, nursing home insurance or long-term care insurance. It is an accelerated benefit rider that can help you make mortgage payments, pay medical bills, meet daily expenses, and more during difficult times.
With the Living Benefit Rider, you can access a portion of the death benefit from your life insurance while you’re living and use the funds however you choose, whether taking care of critical needs or making a final dream come true.
The Living Benefit Rider is automatically included on these life insurance policies:
• Ultimate Flex Universal Life Insurance*
• 20-Pay Whole Life Insurance
• Whole Life Insurance
• Value Life Insurance
• Single Premium Whole Life Insurance
• 10-, 20-, and 30-Year Term Life Insurance
Issue Ages: 0 to 85
Minimum Face Amount: The minimum face amount in force at the time of the claim must be $25,000 for terminal illness, $50,000 for chronic and critical illness.
An insured will be considered chronically ill if certified by a licensed health care practitioner as:
• Having a permanent inability to perform without substantial assistance from another person at least two activities of daily living for a period of at least 90 days due to a loss of functional capacity.
• Requiring permanent substantial supervision to protect themselves from threats to health and safety due to severe cognitive impairment.
An insured will be considered terminally ill if diagnosed with an illness or condition that can reasonably be expected to result in death within 12 months from the date of the physician’s statement.
The Living Benefit Rider amount is calculated using the formula shown here where the actuarial discount reflects the cost of paying a death benefit before the actual death of the insured.
The Living Benefit Rider will not be less than the proportion of the eligible death benefit that is accelerated times the excess of the cash value over any outstanding contract debt.
Death Benefit Being Accelerated
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Actuarial Discount
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Administrative Fee
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Pro Rata Portion of Any Policy Debt
Living Benefit Amount
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Insurance products issued by Trusted Fraternal Life, Milwaukee, WI. Catholic United Financial is a Trusted Fraternal LifeTM brand. Not available in all states.
Accelerated Benefit Rider ICC21 ABR; ICC21 ABR SPN; 2022 ABR and 2022 ABR SPN. Term Life Insurance ICC20 TRM (30); ICC20 TRM (30) SPN; 2020 TRM FL (30) and 2020 TRM FL (30) SPN. Single Premium Whole Life Insurance ICC19 SPWL; ICC19 SPWL SPN; 2021 SPWL FL and 2021 SPWL FL SPN. Whole Life Insurance ICC19 WL 2; ICC19 WL 2 SPN; 2021 WL 2 FL and 2021 WL 2 FL SPN. Value Life Insurance ICC21 WL; ICC21 WL SPN; 2021 WL FL and 2021 WL FL SPN. Universal Life Insurance ICC19 UL FLX; ICC19 UL FLX SPN; 2020 UL FLX FL and 2020 UL FLX FL SPN. 15-0072-05/25