The Terminal Illness Rider in life insurance offers critical financial support during challenging times. If diagnosed with a terminal illness and a life expectancy of 24 months or less, policyholders can choose to receive a discounted lump-sum payment from their death benefit. This option requires no waiting period, providing immediate assistance. While there's no annual limit, a lifetime cap exists for benefits from all Terminal Illness Riders. This invaluable addition ensures policyholders can access funds promptly, alleviating financial stress and allowing them to focus on their well-being. This rider is often included at no extra cost, reinforcing its significance in comprehensive life insurance coverage.

The Chronic Illness Rider provides crucial support 30 days after initiation. If unable to perform two of six "activities of daily living" (ADLs: Bathing, Continence, Dressing, Eating, Toileting, Transferring) or cognitively impaired, you're eligible for benefits. Discount of death benefit will be applied for all Accelerated Benefit Riders (ABRs). The rider incurs no extra charges. A doctor's certification of inability to perform two ADLs for 90 days qualifies for benefits. Cognitive impairment certification within the last 12 months also makes you eligible. This impairment involves significant supervision due to memory loss or reasoning issues. Eligibility isn't restricted to licensed facilities, and benefits, applied annually or monthly, allowing flexible utilization.

The Alzheimer's Disease Rider enables the payment of a discounted portion of the insured's death benefit in the event of a qualifying diagnosis of Alzheimer's disease or Lewy Body Dementia. This rider provides crucial financial support during challenging times associated with these conditions, offering flexibility and assistance to policyholders and their families.

Critical illness A cancer diagnosis, heart attack or other unforeseen health crisis could leave you unable to earn an income, adding financial stress to an already emotionally stressful situation. Unfortunately, your mortgage or rent payment and other monthly expenses will still need to be paid. On top of those obligations, medical bills can quickly pile up. If you aren't able to work, you may not have the means to pay those bills. Critical illness insurance is a policy that will pay out a benefit as a lump sum if you are diagnosed with a critical illness or condition specified in the policy. This can relieve or lessen the financial strain that can come with critical illnesses, so you can focus on getting better.

The Critical Injury Rider, active after 30 days, provides essential financial support upon diagnosis of a qualifying condition resulting from injury. Eligibility grants access to a discounted portion of the death benefit, giving flexibility to choose the entire amount or a portion. Payouts depend on the condition's impact on life expectancy. Critical Injury covers severe conditions like coma, paralysis, severe burns, and traumatic brain injury. This rider, incurring no additional charges, ensures tailored assistance, helping policyholders navigate the financial challenges associated with critical injuries.