A life insurance policy that contains an accelerated living benefit rider will provide funds if the

Inhaltsverzeichnis Show

• LIFE INSURANCE RIDER
• Is an accelerated death benefit rider a good fit for me?
• An accelerated benefit rider allows you to:
• What is a terminal illness rider (accelerated death benefit rider)?
• Who qualifies for an accelerated death benefit terminal illness rider?
• Pros & cons of accelerated death benefit riders
• Questions about accelerated death benefit riders
• Life insurance quotes & coverage in 3 easy steps
• What is an accelerated benefit rider on a life insurance policy?
• Which of the following situations would qualify an insured to receive funds from an Accelerated Living benefit Rider?
• What can accelerated benefits be used for?
• What happens to the benefits of a life policy if the accelerated benefit rider is utilized?

LIFE INSURANCE RIDER

Take a percentage of your death benefit early if you have a terminal illness – and use as you see fit.

Is an accelerated death benefit rider a good fit for me?

An accelerated benefit rider allows you to:

• • Add additional coverage to certain existing or new term life insurance plans from Fidelity Life, often at no additional cost.
  • Access some of your death benefit in case of a terminal illness diagnosis.

What is a terminal illness rider (accelerated death benefit rider)?

An accelerated death benefit rider, also known as a terminal illness rider, is a supplemental life insurance product that gives you early access to your death benefit if you’re diagnosed with a terminal illness. If you’re given a short time to live, an accelerated benefit for terminal illness rider pays out a portion of your life insurance policy while you’re still living.

So, what does an accelerated death benefit rider mean for your family? These terminal illness benefits mean you have the financial freedom to put your affairs in order, travel, pay for end-of-life care, or cover anything else you need.

An accelerated benefit rider for terminal illness often comes with Fidelity Life policies at no extra cost. This rider goes into effect once a medical professional confirms your diagnosis and short life expectancy.

Who qualifies for an accelerated death benefit terminal illness rider?

An accelerated benefit, or terminal illness rider, is typically available for healthy adults between 18 and 85 years of age who qualify for a Fidelity Life RAPIDecision® Final Expense or the RAPIDecision® Guaranteed Issue policy. If you already have an illness which could be terminal in the near future, such as cancer or late stage kidney failure, you will usually not qualify for this rider.

Pros & cons of accelerated death benefit riders

Wondering whether an accelerated death benefit rider is right for you? Here’s a brief look at how it can help meet your needs.

Pros

• No cost to you. You can add an accelerated death benefit rider to Fidelity Life’s RAPIDecision® Final Expense or Guaranteed Issue plans with no additional premium increase, making it a no-risk way to gain extra protection.
• Access your death benefit early if needed. If you have a qualifying critical illness, you can tap into a portion of your life insurance payout early to cover any financial needs while you’re still alive.
• No spending restrictions. If you do access your payout early, you can spend the money on whatever you choose, like covering medical bills, paying off debt, hiring a caretaker, or even taking a special trip with your family.

Cons

• Reduces your total death benefit payout. If you decide to take out a portion of your death benefit payout while you’re living, the amount you withdraw will be subtracted from the lump sum payout that’s left to your beneficiary once you die. For example, if you have a $100,000 policy and take out $40,000, your beneficiaries will receive a $60,000 payout when you die. Make sure your loved ones know about any withdrawals to avoid financial surprises later.
• Only takes effect during a qualifying critical illness. While an accelerated benefit rider only pays out if you get sick, permanent life insurance plans typically come with a cash value component you can access for any reason during your lifetime. If you want to borrow funds from your policy in other situations, talk to a life insurance agent about how much cash value different policies provide.
• Only available when you buy your policy. You’re only able to add an accelerated benefit rider when you purchase your life insurance policy with Fidelity Life. If you think you might need it later, don’t put off adding this rider when you buy.

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  Carmen A. Garcia

  My agent was very patient and explained my options thoroughly. He worked with me to find an affordable policy I could pay even on a fixed income.

• 

  George Otero

  I was shopping around looking for a reasonable price, but I also wanted a company that has a good reputation. Fidelity Life made the process really easy, and I can tell they care about me.

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• Find my policy

  Tell us about yourself, and we’ll match you to available life insurance policies that meet your needs and work with your budget.

• Get a quote

  Select the life insurance policy that works best for you. We’ve made it fast and easy to get a quote online or to connect with one of our agents.

• Apply and buy

  Check getting life insurance off your to-do list. We’ll walk you through the application and purchasing process. Coverage often starts the same day.

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