Accelerated Benefits Riders
Accelerated Benefit Riders (ABRs) are optional, no-additional cost riders that can allow you to access all or part of the death benefit while you are living in the event of a qualifying terminal illness, chronic illness, critical illness, or critical injury.
Depending on where you live, you can use the benefit for any expenses, including but not limited to nursing home care, household bills, living expenses, and home modifications. There are no restrictions on benefit usages with the exception that in the state of Massachusetts, ABR benefits for chronic illness can only be used to pay for expenses incurred for Qualified Long-Term Care services, which are defined as the necessary diagnostic, preventative, therapeutic, curing, treating, mitigating and rehabilitative services, and maintenance or personal care services that are required by a chronically ill individual and are provided pursuant to a plan of care prescribed by a licensed health care practitioner.
ABRs are optional, may be subject to underwriting, exclusions and/or limitations, and may not be available in all states. Receipt of accelerated benefits reduces the death benefit and cash value (if any) otherwise payable.
Please consult your personal tax advisor to determine the tax status of any benefits paid under this rider and with social service agencies concerning how receipt of such a payment will affect you, your spouse and your family's eligibility for public assistance. This rider is intended for favorable tax treatment under Section 101(g) of the Internal Revenue Code. Whether such benefits qualify depends on factors such as your life expectancy at the time benefits are accelerated or how benefits are used. The actual payment you receive will be less than the portion of the death benefit accelerated because the benefits are paid prior to death. Value is based on a current interest rate and mortality rates. There is an initial administrative fee at the time the rider is exercised under the policy, may be a taxable event and may affect your eligibility for public assistance programs, such as medical assistance (Medicaid), Aid to Families with Dependent Children, and Supplemental Security Income.
Alzheimer’s Disease
The Accelerated Benefits Rider for Alzheimer’s Disease accelerates the death benefit, on a discounted basis, for a qualifying diagnosis of Alzheimer’s Disease or Lewy Body Dementia. A qualifying diagnosis is needed of Alzheimer’s disease or Lewy Body Dementia, determined by a Specialist.
In addition, a Specialist needs to provide certification of both:
• A score of less than 20 out of 30 on Mini-Mental State Exam (MMSE), or an equivalent of this score under a widely accepted test of cognitive function.
• Clinical impairment of at least two of the following:
– Orientation to people, places, or time.
– Registration (ability to learn and remember new information).
– Attention and calculation (reasoning and handling of complex tasks).
– Visuospatial abilities.
– Language functions.
Critical Illness and Critical Injury
Our Critical Illness and Critical Injury riders allow for the payment of a portion of an insured's death benefit, on a discounted basis, if the insured is critically ill or critically injured.
Covered critical illnesses:
• Diagnosis of ALS (Lou Gehrig's Disease)
• Heart Valve Replacement
• Aorta Graft Surgery
• Invasive Cancer
• Aplastic Anemia
• Major Organ
• Blindness* Transplant
• Cystic Fibrosis
• Motor Neuron Disease
• End-Stage Renal Failure
• Stroke
• Heart Attack
• Sudden Cardiac Arrest
Covered critical injuries:
•Coma
• Paralysis
• Severe Burns
• Traumatic Brain Injury
Covered critical illnesses and covered critical injuries may vary by state. There is no
additional premium for this rider.
In California, Critical Injury and Critical Illness rider availability is limited to issue ages 0-64.
Terminal Illness
Our Terminal Illness rider allows for the payment of a portion of an insured's death benefit, on a discounted basis, if the insured has an illness or chronic condition that can reasonably be expected to result in death in 24 months or less. There is no additional premium for this rider.
Chronic Illness
Our Chronic Illness and Covered Chronic Illness riders allow for the payment of a portion of an insured's death benefit, on a discounted basis, if the insured is chronically ill. A chronic
illness is defined as one that leaves you unable to perform, without substantial assistance, two of the six normal activities of daily living for a period of at least 90 days due to a loss of functional capacity, or illness that requires substantial supervision to protect oneself from threats to health and safety due to severe cognitive impairment. The six activities of daily living include bathing, continence, dressing, eating, toileting, and transferring. There is no additional premium for this rider.
Grow Your Policy Cash Value
Note: Cash value is available only for permanent insurance (whole life), universal life, and indexed universal life.
Living Life Defender is indexed universal life (IUL) insurance, which provides upside potential with downside protection against market losses. That means you have the potential to grow the cash value of your policy, tax-deferred, using index strategies that credit interest based in part on market changes. This helps you build the financial foundation to meet your lifetime goals. At the same time, your premiums paid and interest earned in the index strategy is protected - the interest crediting rate will never be negative.
The growth of your cash value can be based on a fixed interest strategy or one of the following indexes:
S&P 500 Index
The S&P 500® is widely regarded as the best single gauge of the U.S. equities market. This world-renowned index includes a representative sample of 500 leading companies in leading industries of the U.S. economy. Although the increase Your Cash Value Accumulation Potential Faster with Bonuses
Living Life Defender offers bonuses to increase your cash value accumulation potential. You have the choice between an interest bonus and an enhancer bonus. S&P 500® focuses on the large-cap segment of the market, it is also an ideal representative for the total market.
Balanced Trend Index
Balanced Trend, provided by Credit Suisse, is a volatility-targeted index crediting strategy with returns based on an index of a global multi-asset investment universe comprised of equities, bonds, real estate, commodities, and cash. The index is rebalanced daily to limit up or down volatility.
US Pacesetter Index
Balanced Trend, provided by Credit Suisse, is a volatility-targeted index crediting strategy with returns based on an index of a global multi-asset investment universe comprised of equities, bonds, real estate, commodities, and cash. The index is rebalanced daily to limit up or down volatility.
US Pacesetter Index
The US Pacesetter Index, provided by Société Générale, is a U.S.-focused volatility targeted index. It seeks to provide less volatility than the highs and lows of the general market through a mix of different asset classes that cover exposure to U.S. equities, U.S. government debt, and commodities within the agriculture, metals, and energy sectors. Lock in Guaranteed Interest if you choose the S&P 500R point-to-point crediting strategy, you can also opt for a 1% Floor option, so you will be credited 1% guaranteed, regardless of how much the index loses.
Interest Bonus
The interest bonus provides an additional bonus of at least 0.15% of average accumulated value, credited on each policy anniversary, beginning with the sixth anniversary. Every 10 years, you may also receive a 1% Client Appreciation Bonus. Our way of saying thanks!
Enhancer Bonus
You can choose between one of three enhancer bonuses:
Enhancer, Enhancer Plus, or Enhancer Max. All are credited based on the amount of any indexed interest credit." Enhancer Plus and Enhancer Max offer more upside potential at an additional charge.
• Enhancer: A guaranteed bonus of 15% of the indexed interest credit is credited to the policy, starting in the sixth policy year’s
• Enhancer Plus: A bonus of 45% of the indexed interest credit may be credited to the policy starting in the sixth policy year (20% guaranteed).16
• Enhancer Max: This bonus varies during the policy years. In years 6-20, a bonus of 95% of the indexed interest credit may be credited to the policy, with a 3% charge. The charge will be reduced starting in year 20, and again in year 30. The bonus will be reduced starting in year 21, and again in year 31.
Live Your Best Life and Prepare for Retirement
Only 36%
Only 36%
Only 36%
of Americans feel their retirement planning is on track
25%
Only 36%
Only 36%
of Americans haven't saved anything for retirement
$21,924
Only 36%
$21,924
The average Social Security yearly benefit
Retirement Income You'll Never Outlive
Retirement is about more than what you save. It's also important to make your income last a lifetime and not worry about outliving your savings. Living Life Defender, with the Lifetime Income Benefit Rider, can help you turn your policy's cash value into retirement income that you can never outlive.
The Lifetime Income Benefit Rider guarantees you a stream of income for life at retirement once exercised and certain qualifications are met. Once the rider is exercised, there is an annual charge.
The benefit payments are deducted from the accumulated value through policy loans. Once the accumulated value is reduced to the amount of $1,000:
- Benefit payments will continue to be paid for the life of the insured.
- A one-time charge will be deducted from the accumulated value.
- There will be a guaranteed residual death benefit of $15,000.
- All other monthly deductions will be terminated.
This rider is automatically added to the policy at issue, if approved in your state.
Ready for Life, Whatever Comes Your Way
Living Life Defender is more than just life insurance. Because it comes with Living Benefits and you have the potential to grow the cash value of your policy, you can strengthen your financial position, prepare for unexpected expenses during your lifetime, and possibly even generate tax-free income in retirement.
PROTECTED against life interrupted
- When illness or injury strikes.
- In the event of death
READY to live the best life
Potential to:
- Fund education
- Fund retirement
- Support your business
Unlocking the power of life insurance for individuals, families, and small businesses.
Whether you are growing your career, family, or business, nearing or already enjoying your retirement years, financial security is always a high priority. Living Life Defender helps protect your future.
Available for defined benefit and other qualified plans that allow the inclusion of life insurance.
About Me
Eileen Dumlao
Eileen Dumlao brings a touch of the vibrant Philippines and the laid-back spirit of Hawaii into her work as a groundbreaking life insurance agent. Hailing from the Philippines, Eileen made the daring move to Hawaii during her teenage years, where she discovered a world of endless possibilities and embraced the Aloha way of life. A pioneer in her own right, Eileen tied the knot at a young age, starting a family, and realizing the paramount importance of securing their future through life insurance.
This early insight fueled her passion for helping others safeguard their loved ones and set her on the path to becoming a beacon of financial security for countless families. Beyond her professional endeavors, Eileen is a travel enthusiast, a community champion, and a sports aficionado, living a life that seamlessly blends adventure, compassion, and resilience. Eileen Dumlao: A visionary agent with a heart as big as her dreams, on a mission to empower and protect those around her.