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Changing The Way Americans Think About Life Insurance

Quality of Life...Insurance® is designed to help provide security for your loved ones in the event of your premature death...but it is also life insurance you don't have to die to use. In addition to traditional term life insurance, this product has "living benefits" that offer you the flexibility to receive accelerated death benefits during your lifetime if you suffer a qualifying illness.

Term Life Insurance

Coverage for the policyholder for a specific amount of time, which is known as the "term." Terms typically range from 10 to 30 years, depending on the preference of the policyholder. This traditonal term life insurance includes an income-tax free death benefit, fixed premiums for the term, and can include optional riders with a separate fee.

Living Benefits (Accelerated Death Benefits)

The one or more accelerated benefit riders attached to your policy permit the owner to receive a portion of the insured person’s life insurance benefit under the policy due to a qualifying critical, chronic, or terminal illness during the insured person’s lifetime, subject to policy terms and conditions. Important Consumer Disclosures Regarding Accelerated Benefit Riders.

  • Chronic Illness - A qualifying Chronic Illness is an illness or physical condition that was initially certified by a licensed health care practitioner within the past 12 months and permanently affects the Insured Person so that he or she is unable to do normal Activities of Daily Living (ADLs) without substantial assistance.
  • Critical Illness - Critical Illnesses or conditions covered under the rider include (but are not limited to): major heart attack (heart attack in certain states), stroke, invasive cancer, paralysis and more.
  • Terminal Illness - Terminal Illnesses are illnesses or physical conditions that are certified by a physician to be reasonably expected to result in the insured's death within 24 months from the date of certification.

Quality of Life Insurance

Traditional Life Insurance with Living Benefits

Traditional Life Insurance Benefits
Tax Free Death Benefit
Fixed Premiums
Optional Riders
Quality of Life Living Benefits
Chronic Illness
Critical Illness
Terminal Illness

Policy Form #s: ICC14-14523, 14523, and 14523-5 Rider #s: ICC10 AGLA ABR, AGLA ABR, AGLA 04CRIR, AGLA 04CHIR, AGLA 04TIR, AGLA 04CHIR-CA (0514), 14001, 14001-5, and AGLA 05AHC.

Accelerated benefits and definitions may vary in some states and/or not be available in all states.

Important Consumer Disclosures Regarding Accelerated Benefit Riders

An Accelerated Death Benefit Rider (ABR) is not a replacement for Long Term Care Insurance (LTCI). It is a life insurance benefit that gives you the option to accelerate some of the death benefit in the event the insured meets the criteria for a qualifying event described in the policy. The rider does not provide long-term care insurance subject to California insurance law, is not a California Partnership for Long-Term Care program policy. The policy is not a Medicare supplement.

ABRs and LTCI provide different types of benefits. An ABR allows the insured to access a portion of the life insurance policy’s death benefit while living. ABR payments are unrestricted and may be used for any purpose. LTCI provides reimbursement for necessary care received due to the inability to perform activities of daily living or cognitive impairment. LTCI coverage may include reimbursement for the cost of a nursing home, assisted living, home health care, homemaker services, adult day care, hospice services or respite care for the primary caretaker and the benefits may be conditioned on certain requirements or meeting an elimination period or limited by type of service, the number of days or a maximum dollar limit. Some ABRs and all LTCI are conditioned upon the insured not being able to perform two or more of the activities of daily living or being cognitively impaired.

This ABR pays proceeds that are intended to qualify for favorable tax treatment under section 101(g) of the Internal Revenue Code. The federal, state, or local tax consequences resulting from payment of an ABR will depend on the specific facts and circumstances, and consequently advice and guidance should be obtained from a personal tax advisor prior to the receipt of any payments. ABR payments may affect eligibility for, or amounts of, Medicaid or other benefits provided by federal, state, or local government. Death benefits and policy values, such as cash values, premium payments and cost of insurance charges if applicable, will be reduced if an ABR payment is made. ABR payments may be limited by the contract or by outstanding policy loans.