Terminal Illness Accelerated Benefit Rider provides you access to your policy’s death benefit if you are terminally ill.
Qualifying Terminal Illness
A Qualifying Terminal Illness is an illness or physical condition that is diagnosed by a physician to be reasonably expected to result in the insured’s death within 24 months from the date of diagnosis.
Terminal Illness Benefit
If you have a qualifying terminal illness, you can file a claim and request a one-time full acceleration or partial acceleration of the policy’s death benefit. Your benefit will be paid in the form of a lump sum payment.
The actual accelerated death benefit payment that we will offer for acceleration will be based on our determination of the expected future mortality of a qualifying insured at the time an accelerated death benefit claim is made and will be at least as great as the Cash Surrender Value corresponding to the accelerated death benefit.