Most people think life insurance only provides support after death. However, certain policies may include living benefit features designed to provide financial support during serious health events.
These benefits may allow eligible policyholders to access a portion of their death benefit early if they experience qualifying conditions.
What Living Benefits Can Help Cover
Living benefits can help provide resources for:
- Medical expenses
- Household bills
- Lost income
- Recovery needs
- Additional care
Availability varies by policy and carrier, and benefits are subject to specific terms and conditions.
Video courtesy of Transamerica. Shown for educational purposes only. Product features, availability, and eligibility vary by carrier and policy.