- ROBIN S. SHARMA- Best-Selling Author
Living Benefits (aka Accelerated Benefits Rider) is one of the main reasons why we started Dynamic Life Financial. We understood the importance of being allowed to access between 30%-90% of the policy death benefit amount while still alive so that people may address any expenses (medical or non-medical) that they have or may have when they may need it the most. And we haven't looked back since. We've carefully chosen our carrier partners to ensure that our clients have the most comprehensive list of qualifying events to help them when they need it most. Please see 'Qualifying Criteria' below.
Living Benefits: The Smartphones of Life Insurance (2min55sec)
by Alliance Group™
Injuries that result in:
Our carriers offer coverage for between 13 to 19 qualifying illnesses. However, they all have the following 10 illnesses in common:
Any illness in which the insured has been certified by a licensed health care practitioner as being unable to perform 2 out of 6 activities of daily living for a period of 90 consecutive days due to a loss of functional capacity OR requires substantial supervision to protect oneself from threats to health and safety due to severe cognitive impairment for this same period of time.
Activities of Daily Living include:
An insured has a terminal illness if they have been diagnosed and are suffering from an illness that will result in death within 24 months (typically).
Please Note: The maximum Living Benefit amount is not to exceed $1,500,000 under all contracts and all riders made over the lifetime of the insured.
Although there is a minimum coverage period of 30-days for all criteria except Terminal Illness, which is covered immediately, exceptions have been made. Please contact us for assistance or to simply learn more.
Living Benefit protection isn't new to the industry but still there are so many people who don't have it. If you already have life insurance but it does not provide you with Living Benefits protection, you may be able to simply transfer your policy cash value to one of our carriers who will provide them to you. Please contact us for assistance.
One of our favorite parts of Living Benefits protection is that our clients
can use their benefit payment however they wish to. Here are some examples of how clients have used their Living Benefits payment:
Many clients are surprised by the list of qualifying criteria, however they're even more surprised when they think about how many events can result in these diagnoses. From slips, falls, car accidents, bicycle accidents, chemical-related accidents, diseases, and so much more. Living Benefits protection was designed for people. At Dynamic Life Financial, not only do we stand by the carriers who offer them, we will not recommend life insurance protection that doesn't.
National Life Group currently provides the most robust list of living benefits criteria available to the consumer. In 2023 they just added Alzheimer's and Lewy Body Dementia diagnoses and Fertility Journey! And since this is a constantly developing list, we can only imagine what more is coming. You'll quickly see why National Life Group has been around for over 170 years and leads the industry in Indexed Universal Life sales.
Ameritas Life provides one of the most diverse lists of living benefits criteria available. And their performance in Indexed Universal Life policy value accumulation is one of the strongest in the industry. It's no wonder they've been in business for over 130 years.
Headquartered in Toronto, Canada, this fraternal order provides excellent living benefits and has the flexibility for covering diabetics and marijuana users in The United States and Canada alike. They've been protecting people for over 140 years and if you have diabetes, or you use marijuana for any reason, then we think you'll appreciate how they handle your business.
Don't just take our word for it! As a member of Alliance Group, we're proud to showcase some of their Living Benefits testimonials. Please click on a brief video below and hear from those who've personally experienced the power of having Living Benefits protection when they needed it most.
Hear a summary of testimonials from several families who had a member diagnosed with cancer. They never thought they'd need to access their Living Benefits protection, but were so relieved that they could.
As of the end of 2021, medical bankruptcy still accounted for 46% of all bankruptcies in America. Living Benefits combats this devastating trend by providing access to your policy death benefit while you're still alive. So you can do with your money what you want (without restrictions) - for yourself, for your family, for whomever.
It may sound like it can never happen to you, but terrible things happen to good people every day. We don't like to scare clients, but reality can be very scary. Hear Heilyn's story of a brutal attack and how Living Benefits protection helped her and her family to overcome this terrible event.
In this testimonial, Eric explains how a rare blood disorder almost crippled him, and the impact to his family could've been devastating. Instead, he activated his Living Benefits protection, and instead of simply being afraid, his family is optimistic about his road to recovery.
Melanoma is so common, but hear how the Shockley's handled the news of being given only five years to live. Fortunately, one of their best friends recommended having Living Benefits protection in their life insurance policy... So you just know that guy gets invited to every party!
After recently becoming a new Mom, Jessica was shocked to learn of a condition that could've changed her life forever. But with the support of her family and the help of a life insurance policy with Living Benefits protection, she and her family were able to move through recovery with a reinvigorated zest for life.
RETIREMENT PLANNING Click to learn more about Retirement Planning.
LIVING BENEFITS Click to learn more about Living Benefits protection for you and for your family.
GROWTH INVESTMENTS Click to learn more about guaranteed and indexed Growth Investments.
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EMPLOYEE FINANCIAL SERVICES Click to learn more about our NO COST Employee Financial Services program.
COLLEGE FUNDING Click to learn more about TAX-FREE, FLEXIBLE College Funding options.