A Life Insurance Policy that Does More

Consumers primarily purchase life insurance for the protection the policy’s death benefit can provide to those financially dependent on the insured. With the BenefitAccess Rider (“BenefitAccess”), a policyowner has the ability to accelerate some or all of the death benefit during the insured’s lifetime in the event the insured becomes chronically or terminally ill. This report only discusses the chronic illness option. Additional Information section for more details on the terminal illness option. Receiving benefits under the rider will reduce, and in some cases eliminate the death benefit available to the beneficiary. However, this rider provides the policyowner with previously unavailable flexibility to manage the financial uncertainty brought on by a chronic illness.

Detailed information about the additional protection option –  ULProSample