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374 William S Canning Blvd, Fall River MA 2721, USA
(+880)155-69569
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GET A QUOTE
Consectetur adipiscing elit. Duis at dictum risus, non suscip it arcu. Quisque aliquam posuere tortor aliquam posuere tortor develop database.
374 William S Canning Blvd, Fall River MA 2721, USA
(+880)155-69569
10:00 - 17:00

Living Benefits

American Classic AgencyLiving Benefits

Breathe Easier… With Living Benefits

Life Insurance You Don’t Have to Die to Use…

Alzheimer’s Disease gives you the option to accelerate all or a part of your death benefit, while living, if you experience a qualifying terminal, chronic, critical illness, or critical injury. The accelerated benefit riders are no additional cost and are optional, so you don’t have to use them unless you want to.

Since the benefit is unrestricted, once you qualify, you can use the benefit for any reason. Benefits might be used for, but are not limited to:

  • Household expenses
  • Adult Day Care
  • Nursing home care
  • Home modifications
  • Quality of life expenditures
  • Regular bills

LIVING BENEFITS – Chronic Illness

What qualifies?

A doctor has certified, within the past 12 months, that you are unable to perform two out of six “activities of daily living’ for a period of at least 90 consecutive days without assistance, or that you are cognitively impaired.

Activities of Daily Living

  • Continence
  • Continence
  • Dressing
  • Eating
  • Toileting
  • Transferring

Generally, the rider needs to be in force for a period of two years. There is an annual limit on the number of benefits you can receive. There is also a lifetime limit on the number of benefits you can receive across all Accelerated Benefits Riders.

Note that you do not have to be in a licensed facility to receive payments and that you can apply for benefits every 12 months. Benefits can be used for any reason (with 1 state exception), and do not need to be used for medical expenses.

If you should need it, and you qualify, after the waiting period you can:

  • Accelerate portions of your death benefit every year to receive benefit payments.
  • Leave the policy intact for your beneficiary
 

LIVING BENEFITS Critical – Illness or Critical Injury

What qualifies?

Critical Illness includes:

  • ALS (Lou Gehrig’s disease)
  • Aorta Graft Surgery
  • Aplastic Anemia
  • Blindness
  • Cancer
  • Cystic Fibrosis
  • End-Stage Renal Failure
  • Heart Attack
  • Heart Valve Replacement
  • Major Organ Transplant
  • Motor Neuron Disease
  • Stroke
  • Sudden Cardiac Arrest

The discounted benefit you receive for the critical illness or critical injury rider takes into consideration four different categories depending on the severity of the illness:

  • Minor 

  • Severe

  • Moderate                

  • Life-Threatening

You can elect to either:

  • Request the full acceleration, on a discounted basis, and use the lump-sum as you wish.
  • Choose to leave a portion of the policy’s death benefit intact and receive a partial benefit.
  • Choose to leave the policy intact for your beneficiary.

How Can We Help?​

Complete the below form and an agent will contact you soon. We will NEVER sell your information and it will remain confidential.