We offer Accelerated Death Benefits for Terminal Illness and Chronic Illness which give clients an option to access a portion of their death benefit early. This money can provide a little more comfort during a difficult time or can be used to help cover the costs of long-term care.
For the Chronic Illness Rider, the benefit amount is capped each year by the IRS per diem limit. For 2020, this limit has increased to $380 per day (or $138,700 for the year).
The following materials have been updated to reflect the extension of the per diem limit into 2018:
- Accelerated Death Benefit Riders flyer (including a sample benefit calculation):
National version • California version
- Accelerated Death Benefit Rider FAQ
If you have additional questions on how the Accelerated Death Benefit Riders work, please contact sales support at 1-800-693-6083 or your Sales Director.