ABOUT LIVING BENEFITS
“Living Benefits” are additional coverages, which are included in the affordable, weekly premium of the Guaranteed Acceptance Life Insurance program. They are designed to protect you (and your assets) from multiple health-related risks.
Like every other part of the Guaranteed Acceptance Life Insurance, the “Living Benefits” for Chronic Illness, Terminal Illness, and Waiver of Premium for Total Disability are also offered on a Guaranteed Acceptance Basis.
Accelerated Death Benefit
for Chronic Illness
Available to members and spouses issue ages 18-65, allows the advance of up to 50% of the death benefit when diagnosed with a chronic illness.
Accelerated Death Benefit
for Terminal Illness
Available to members and spouses issue ages 18-65, allows the advance of up to of 75% of the death benefit when diagnosed with a terminal illness. Premiums are waived after payment of this benefit.
Waiver of Premium for
Total Disability
Available to members up to age 55, allows premiums to be waived after six months of total disability.