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.
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.
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. Click here for Important Consumer Disclosures Regarding Accelerated Benefit Riders.
Accelerated benefits and definitions may vary in some states and/or not be available in all states.
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.