Benefits While You Live

Life insurance with living benefits provides financial protection and access to funds when you need them most. The Rayborn Agency offers policies that work for you today, not just your family tomorrow.

Understanding Living Benefits

What Are Living Benefits?

Living benefits allow you to access a portion of your life insurance death benefit while you're still alive, typically for qualifying medical conditions or long-term care needs.

  • • Accelerated death benefits
  • • Critical illness riders
  • • Chronic illness riders
  • • Long-term care riders

How They Work

When you qualify for living benefits, you receive a portion of your death benefit upfront. The remaining benefit goes to your beneficiaries upon your passing.

  • • Partial benefit payment
  • • Reduced death benefit
  • • Tax-free benefits
  • • Flexible use of funds

Types of Living Benefits

Critical Illness:
  • • Heart attack
  • • Stroke
  • • Cancer
  • • Organ transplant
  • • Paralysis
Chronic Illness:
  • • Inability to perform daily activities
  • • Cognitive impairment
  • • Long-term care needs
  • • Nursing home care

Benefits of Living Benefits

Living benefits provide financial flexibility and security when facing serious health challenges.

  • • Medical expense coverage
  • • Income replacement during recovery
  • • Long-term care funding
  • • Debt and mortgage payments
  • • Quality of life improvements

Who Should Consider Them

Living benefits are valuable for anyone who wants comprehensive protection beyond traditional life insurance.

  • • Families with medical history
  • • Those without long-term care insurance
  • • Individuals wanting comprehensive coverage
  • • Anyone concerned about medical costs

How to Access Living Benefits

1
Qualifying Event

Experience a covered critical illness, chronic illness, or terminal illness diagnosis.

2
Documentation

Provide medical documentation and complete required forms from your insurance company.

3
Benefit Payment

Receive your living benefit payment, typically within 30-60 days of approval.

Ready to Get Living Benefits?

Let's find the right life insurance policy with living benefits to protect you and your family in all situations.

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Ready to access benefits while you live? Contact us for a free consultation and personalized living benefits policy.

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