Chronic Illness Riders
Monthly benefits paid out at 2% or 4% of initial death benefit indemnity style so no receipts are required.
Funds can be used for anything the client wishes
Residual death benefit payout if entire amount isn’t accelerated
Severe cognitive impairment
Assistance performing 2/6 ADL’s
Some carriers don’t require the condition to be permanent.
Single premium up to pay for life like a traditional Universal Life.
Savings, cash value from existing life plans