What are living benefits (accelerated benefit)?

Living benefits means an advance payment of part of your life insurance death benefit if you are diagnosed with a terminal condition.  Terminal condition means an injury or sickness that is expected to result in your death within the next 12 months as certified by an attending Physician’s written statement.  If you incur a terminal condition while insured under the policy, you, or your legal representative, may submit a written request for living benefits.

You may receive up to 75% of the amount of your life insurance in effect at the time of the request or $250,000, whichever is less.