Coronavirus (COVID-19) is having a dramatic impact on our lives, businesses, and overall sense of security. You can breathe easier knowing you have life insurance that also protects you while you are living. We have been a pioneer in the life insurance industry offering Living Benefits1 on all our life policies.
Accelerated Benefit Riders are no-additional-cost riders that can allow you, a policy owner, to access all or part of your death benefit while living. These benefits are triggered if you experience a qualifying terminal, chronic or critical illness. This includes any qualifying event triggered by Coronavirus (COVID-19).
While at this time, infectious disease in itself is not a qualifying event under critical illness, it is possible to qualify if a covered critical illness occurs, or if illness progresses to be a terminal illness, or if you are unable to perform the Activities of Daily Living and qualify for a chronic illness rider.
Since these benefits are generally 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
- Home modifications
- Regular bills
- Nursing home care
- Quality of life expenditures
Remember, life insurance can do more than pay a death benefit; it provides benefits for living.
Figuring out life’s puzzles …we’re here to help
Living life by design
indexed universal life insurance
a finalcial solution in case you.
Living benefits
Qualifying Events
Terminal Illness
Generally, if you have been diagnosed with a terminal illness that will result in death within 24 months (12 months in some states) of certification of the illness by a physician
Chronic Illness
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 daily living” for a period of at least 90 consecutive days without assistance, or that you are generally cognitively impaired
Activities of Daily Living:
- Bathing
- Continence
- Dressing
- Eating
- Toileting
- Transferring
Critical Illness
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.
Critical Injury
Critical Injury includes:
- Coma
- Paralysis
- Severe Burns
- Traumatic Brain Injury
Living Benefits Could be used for, but not limited to:
- Household expenses
- Home modifications
- Nursing home care
- Adult day care
- Regular bills
- Quality of Life expenses
- Lifelong dream vacations
What if You Should Die Too Soon?
Your family may be forced into making uncomfortable sacrifices that would change their standard of living. Life insurance provides financial security to help your family avoid devastating life changes at your death.
What if You Become ill or Injured?.
If you have no additional cost Accelerated Benefit Riders on your Policy, you and your family would have financial protection during your lifetime in the event you experience a qualifying illness or injury. Life insurance can do more than pay a death benefit; it provides benefits for living.
What happens if you live too long?
We are living longer. A higher standard of living and medical advances have had a positive impact on mortality. But illnesses that are terminal, chronic or critical, or a critical injury, result in more people living longer with chronic or critical illnesses.
Life insurance provides much needed protection for your family and heirs. It can also be a valuable resource if you live too long.
An income rider is an optional rider that can be added to some life insurance policies. life insurance can also help you meet your retirement goals and dreams by providing an income option on your policy with an insurance income rider.
BENEFICIOS EN LA VIDA
Eventos que califican
Enfermedad Terminal
Generalmente, si se lo diagnostico con una enfermedad terminal que provocará la muerte dentro de los 24 meses (12 meses en algunos estados) a partir de la certificación de la enfermedad por un médico.
Enfermedad Crónica
Un médico ha certificado, en los últimos 12 meses, que no puede realizar dos de seis “Actividades de la vida diaria” por un periodo de al menos 90 días consecutivos sin asistencia, o que generalmente sufre deterioro cognitivo,
Actividades de la vida diaria:
- Bañarse
- Continencia
- Vestirse
- Comer
- Higienizarse
- Trasladarse
Enfermedad Crítica
La enfermedad crítica incluye lo Siguiente:
- ELA (enfermedad de Lou Gehrig)
- Cirugía aórtica con injerto
- Anemia aplásica
- Ceguera
- Cáncer
- Fibrosis quística
- Insuficiencia renal en etapa terminal
- Infarto
- Reemplazo de válvula cardíaca
- Trasplante de órgano principal
- Enfermedad de las neuronas motoras
- Accidente cerebrovascular /Paro Cardíaco repentino
Lesión critica
Lesión crítica incluye:
- Coma
- Parálisis
- Quemaduras Graves
- Lesión cerebral traumática
Los beneficios de vida podrían usarse para gastos, entre otros:
- Gastos del hogar
- Modificaciones en el Hogar.
- Cuidado de enfermería en el Hogar
- Centro de cuidados para Adultos
- Facturas Regulares
- Gatos para la calidad de vida
- Vacaciones de ensueño
¿Qué pasa si fallece demasiado pronto?
Su familia puede verse obligada a hacer sacrificios incómodos que cambiaría su nivel de vida. El seguro de vida brinda seguridad financiera para ayudar a su familia a evitar cambios drásticos si usted fallece.h.
¿Qué pasa si se enferma o se lesiona?
Si no tiene Cláusulas adicionales de Beneficios anticipados sin costo extra en su Póliza, usted y su familia tendrán protección financiera durante su vida en caso de que sufra una enfermedad o lesión que califique. El seguro de vida puede hacer más que pagar un beneficio por fallecimiento; ofrece beneficios para la vida.
¿Qué pasa si vive Mucho Tiempo?
Vinimos más tiempo. Un mayor nivel de vida y los avances médicos han tenido un impacto positivo en la mortalidad. Pero las enfermedades que son terminales, crónicas o críticas, o una lesión crítica resultan en más personas que viven mas tiempos con esas enfermedades. El seguro de vida proporciona una protección muy necesaria para su familia y sus herederos. También puede ser un recurso valioso si usted vive mucho tiempo. Una cláusula adicional de ingresos es una cláusula opcional que se puede agregar a algunas palizas de seguro de vida. El seguro de Vida también ayudarle a cumplir sus metas y sueños de jubilación ya que proporciona una opción de ingresos en su póliza con una cláusula adicional de ingresos seguros.
Products issued by
National Life Insurance Company® | Life Insurance Company of the Southwest®
National Life Group® is a trade name of National Life Insurance Company (NLIC), Montpelier, VT, Life Insurance Company of the Southwest (LSW), Addison, TX and their affiliates. Each company of National Life Group is solely responsible for its own financial condition and contractual obligations. Life Insurance Company of the Southwest is not an authorized insurer in New York and does not conduct insurance business in New York.1 Living benefits are provided by no-additional premium accelerated benefit riders. Payment of Accelerated Benefits will reduce the Cash Value and Death Benefit otherwise payable under the policy. Receipt of Accelerated Benefits may be a taxable event, may affect your eligibility for public assistance programs, and may reduce or eliminate other policy and rider benefits. Please consult your personal tax advisor to determine the tax status of any benefits paid under this rider and with social service agencies concerning how receipt of such a payment will affect you.Riders are supplemental benefits that can be added to a life insurance policy and are not suitable unless you also have a need for life insurance. Riders are optional, may require additional premium and may not be available in all states or on all products. This is not a solicitation of any specific insurance policy.
| No bank or credit union guarantee | Not a deposit | Not FDIC/NCUA insured | May lose value | Not insured by any federal or state government agency |
TC113492(0320)1 Guarantees are dependent upon the claims-paying ability of the issuing company. Cat No 105108 (0320)