Life Insurance Living Benefits
Does life insurance cover critical illness?
Many life insurance policies include critical illness riders or living benefits that allow you to access a portion of the death benefit if you are diagnosed with a critical illness such as cancer, heart attack, or stroke.
Key Points
- Critical illness rider: access death benefit for critical illness
- Critical illnesses: cancer, heart attack, stroke, and others
- Accelerated death benefit: reduces the death benefit paid at death
- Separate critical illness insurance: also available
- An independent agent can help you find life insurance with critical illness riders