Accelerated Benefit Riders
The Accelerated Benefit Riders allow you to receive a discounted accelerated benefit in
lieu of an eligible insured’s death benefit if the insured has a qualifying medical
condition. There are no premiums for these riders; however, the accelerated benefit
payment will be less than the death benefit because it is paid prior to the death of the
insured. Receipt of an accelerated benefit payment may be a taxable event. You should
consult a tax advisor regarding the tax status of any benefit paid under this Rider.
Accelerated benefits may affect your eligibility for Medicaid, supplemental security
income, or other government benefits or entitlements. The Accelerated Benefit Riders
may not be available in all states and on all products.
Accelerated Benefit Rider for Terminal Illness (Form ABR11-TM)
This rider provides for the payment of an accelerated benefit if an eligible insured has an
illness or chronic condition that is reasonably expected to result in death in 24 months or
less.
Accelerated Benefit Rider for Chronic Illness (Form ABR11-CH)
This rider provides for the payment of an accelerated benefit if an eligible insured is
unable to perform two out of six activities of daily living (bathing, continence, dressing,
eating, toileting, or transferring) or is cognitively impaired.
Accelerated Benefit Rider for Critical Illness (Form ABR11-CT)
This rider provides for the payment of an accelerated benefit if an eligible insured
experiences a critical illness described in the rider after the issue date. Covered critical
illnesses may include heart attack, stroke, invasive cancer, end stage renal failure, major
organ transplant, ALS, blindness, paralysis, arterial aneurysms, central nervous system
tumors, major multi-system trauma, AIDS, severe disease of any organ, severe central
nervous system disease, major burs, or loss of limbs. Please see the rider for a complete
list of covered critical illnesses and their definitions.
Accelerated Death Benefit Rider (Term)
The Accelerated Death Benefit will advance part of the death benefit to the owner with a
written proof of a terminal illness, where the insured has less then 12 months to live. The
benefits will be lesser of 50% of the eligible death benefit or 250,000. This rider
available on term policies for no additional premium in states where the rider has been
approved. (Form ADBR07)
Accelerated Death Benefit Rider
The Accelerated Death Benefit Rider is available on permanent policies that are currently not
eligible for the Accelerated Benefit Riders listed above. For policies with death benefits of
$25,000 or greater, the initial Accelerated Death Benefit will be 50% of the eligible death benefit
or $250,000, whichever is less. Subsequent accelerated benefits may be advanced to cover
interest charges or premium payment. Maximum benefit under this Rider will be 80% of the
eligible death benefits or $400,000, whichever is less. There is no additional premium for this
rider. (Form ACC91)
Children’s Term Rider
Insures each child age 15 days through 18 years at issue while the benefit is in force.
Coverage on each child terminates at age 25, but each $1,000 of coverage may be
converted to as much as $5,000 of permanent insurance without new evidence of
insurability. (Form CTR88)
Spouse Term Rider
Insures your spouse for a specified time. This term coverage is convertible to a
permanent life insurance policy on the life of the spouse. (Form SARTR94)
Additional Insurance Option Rider
Makes it possible for you to increase the specified amount of insurance at specified ages
or events (such as the birth of a child), and allows you to do so regardless of health,
occupation or military status. (Form GIO90)
Disability Waiver of Premium
Your policy's premium will be waived if you become disabled. (Disability must be
continuous for at least six months and begin before age 60.) (Form LPW84)
