What are Living Benefits?
Living Benefits are the new kind of life insurance. It’s life insurance that you do NOT have to die to access the benefits.
With living benefits, you gain early access to the policy’s death benefit if you become seriously ill or injured.
If illness or injury prevented you from working tomorrow, would your business and household still have reliable income to cover expenses—and how long could you truly sustain that?
Protect You & Your Family
Life doesn’t always go as planned, but your financial protection can be. Living Benefits provide your and your family with financial support and peace of mind during life’s unforeseen moments.
Avoid Medical Bankruptcy
Eliminate the need for a GoFundMe or concern of a medical bankruptcy. Living Benefits can provide a lump sum of cash if you have a major medical illness – allowing you to focus on your health and recovery – without the weight of financial concerns.
Live with Peace of Mind
Have peace of mind knowing that you and your loved ones are protected if life decides to throw you any unexpected curveballs – have a plan to help you Sleep Well At Night (SWAN Plan).
How Living Benefits Work?
Living Benefits is a life insurance policy with a significant added built-in feature that allows you to have early access to your death benefit (cash). If you have a major medical event like a heart attack, cancer, or a stroke, you will have access to potentially hundred of thousand of dollars tax-free to provide money during your health challenge.
Living Benefits Stories
Living benefits protects you and your family during the most unexpected times. See how it could protect you.
My Story
My passion for living benefits is deeply personal. When my family was caring for my mother during her battle with Alzheimer’s, I saw first-hand how limited traditional planning can be. My parents had life insurance—but it was the “old kind,” designed to help only after death.
What they didn’t have was protection that could support them during her illness. Without access to living benefits, we were forced to weigh care decisions against the financial impact on my father and my parents’ retirement savings. The high cost of long-term care created ongoing uncertainty at a time when clarity and peace of mind mattered most.
That experience forever changed how I think about financial planning. Living benefits aren’t about preparing for the end—they’re about protecting families when life takes an unexpected turn and choices matter most.
Out of this, I created the Financial Angel Program to ensure that families – whether you are a family of 1 or many – have a plan for life’s what ifs.
Living Benefits Life Insurance
Helping you get the most out of life.
Frequently Asked Questions
How do Living Benefits work?
When a qualifying illness or injury occurs and the policy is in force, living benefits may allow the policyholder to access a portion of the life insurance benefit while they are still living. This is done by receiving an advance on the policy’s benefit, which is calculated based on factors such as the type and severity of the health event.
The amount available is typically adjusted to reflect the impact of the condition, including changes to life expectancy and other policy guidelines. More serious health events generally allow access to a greater portion of the benefit.
What is an example of a Living Benefits payout?
For example, consider a policyholder with a $500,000 life insurance policy who experiences a qualifying medical event. Based on the type and severity of the condition, the insurance carrier may offer access to a portion of the policy’s benefit while the insured is still living.
- In a more serious diagnosis—such as advanced cancer—the policyholder might be offered $300,000–$400,000 as an accelerated benefit.
- In a less severe event—such as a condition with a strong recovery outlook—the amount available may be lower, perhaps $75,000–$150,000.
- If your medical event does not meaningfully shorten your overall life expectancy, the payout may be $0 — which also means you’re expected to make a smooth recovery.
The policyholder always has the choice to accept the offer, decline it, or—in many cases—access only part of the available amount, leaving the remaining benefit in place for the future. This flexibility allows families to address immediate financial needs while still preserving longer-term protection. Some medical events may not provide access to the benefit if it is not significant.
How do I get Living Benefits:
Please reach out to me to obtain additional information or to schedule a free, confidential appointment to see how you this can work for you.
What is covered by Living Benefits:
Living Benefits features and qualifying events can vary by insurance carrier and policy, which is why understanding what’s included—and how benefits may be accessed—is so important. Coverage is based on specific criteria outlined in the policy, and not all plans offer the same options.
Many comprehensive Living Benefits policies may include access to benefits for the following qualifying events, often at no additional premium cost:
Terminal Illness – A diagnosis indicating a limited life expectancy, typically 12–24 months
Chronic Illness – Inability to perform at least two of the six activities of daily living, or the presence of severe cognitive impairment
Critical Illness – Serious medical conditions such as cancer, heart attack, stroke, major organ transplant, or kidney failure
Critical Injury – Severe injuries including paralysis, coma, major burns, or traumatic brain injury
Understanding which benefits are available—and under what circumstances—helps ensure you’re prepared before life takes an unexpected turn.
Why own Living Benefits?
Living benefits add an important layer of protection to life insurance by allowing access to funds if you experience a major illness or injury—protection traditional life insurance typically doesn’t provide. This access to cash can help cover a wide range of expenses, from mortgage or household costs to education, home health care, or medical treatments not covered by health insurance.
For families, living benefits help provide financial stability during a health crisis, allowing loved ones to focus on care rather than financial stress. For individuals—especially entrepreneurs—they offer critical protection by helping replace income and maintain financial stability if you’re unable to work.