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Chronic Illness Rider

The Chronic Illness Accelerated Benefit Rider advances a portion of the death benefit if the insured becomes chronically ill-defined as permanently unable to perform at least two of the six Activities of Daily Living (bathing, continence, dressing, eating, toileting and transferring) without substantial assistance from another person, or has severe cognitive impairment, meaning the insured requires substantial supervision by another person to protect himself or herself from threats to health and safety due to severe cognitive impairment.

Allows you to receive a portion of the policy death benefit if the insured suffers from a chronic illness, If the insured person is unable to do the activity of daily living (Bathing, Dressing, Toileting, transferring). Quality of life insurance can help you financially responsible to the effects of a qualifying chronic illness that substantially reduce your ability to perform a simple task.

Chronic Illness Accelerated Death Rider Benefit

This rider allows the owner to accelerate some or all of the Insured Person’s base life insurance benefit in the event that the Insured is certified as having a chronic illness, as defined under the rider.
Accelerated benefits payable under this rider may only be received as a lump sum, as annual payments for a fixed period of time (not to exceed 24 months), or as monthly payments for a fixed period of time (not to exceed 24 months).
A chronic illness is an illness or physical condition that was initially certified by a licensed health care practitioner within the past 12 months and affects the Insured Person so that he or she.

  • Is unable to perform at least two Activities of Daily Living (ADLs); or
  • Requires substantial supervision by another person to protect the Insured Person from threats to health and safety due to severe cognitive impairment.

ADLs: Bathing, Dressing, Toileting, Transferring, Continence, Eating

Chronic Illness Rider
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