What is a Living Benefit?

May 20 2016

by Creative Life Sales Team

Living Benefits: Changing Real Lives

Robert Sanchez: $733,062.00

Isabella Martinez: $120,552.74

Rachael Roberts: $51,860.10

Bonnie Thomas: $234,364.24

What is a Living Benefit?

In insurance terms, Living Benefits are Accelerated Benefit Riders (ABRs)1, which provide the option of receiving a partial or fill accelerated life insurance benefit if the insured experiences a qualifying medical condition.

What is a Living Benefit to a family?

To an individual or family facing the trials of a critical, chronic or terminal illness, a Living Benefit can mean the freedom to make choices, provide for a family and give peace of mind.

Keep reading rider overviews, case studies and FAQs >>


The case studies are actual cases of individuals filing a claim for accelerated benefits under the Chronic, Critical, and Terminal Illness Riders on their life insurance policies. The product, amounts in force, amount requested and final disposition are all factual but the names and the specific situations have been changed to protect the recipients.

1) The riders are offered at no additional premium. However, the accelerated payment will be less than the requested death benefit because it will be reduced by an actuarial discount and an administrative fee of up to $500. The amount of the reduction is primarily dependent on American National’s determination of the insured’s life expectancy at the time of election. Form Series ABR14-TM; ABR14-CH; ABR14-CT. Forms may vary by state and may not be available in all states. See California ABR Rider Notice. IMGE65PXB  IMG-L53

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