Maintain Quality of Life

Use life insurance during your lifetime with living benefits.

We often live as if there is nothing that can harm us—that we will continue to carry on with our life as we know it well into the future. We never stop to think about what would happen if a debilitating accident or chronic illness would occur.

Often known as a living benefit, an accelerated death benefit rider can give you the option to advance a portion of your life insurance policy's death benefit to use while you are still living.

How Living Benefits Work

Accelerated death benefit riders (ADBRs) allow you to receive an advance on your death benefit for select medical reasons, including:

  • Terminal illness, with death expected within a specified period;
  • Chronic illness, as specified in the life insurance policy; or
  • A specific medical condition, as listed in the rider.1

ADBRs can help provide peace of mind for you and your family if you become seriously ill, and help to offset costs associated with illness or long-term care.


Use Living Benefits to Offset Many Expenses

While many people use living benefits to help offset the financial costs associated with an illness, generally, there are no restrictions on how your ABDR is used. For example, you could use it to pay for hospital bills, medications and treatments... or help fund education expenses and pay household bills. However, it's always a good idea to check with your insurance company for details on how you can use any living benefits rider.

Living benefits riders are often a standard feature that are built into a life insurance policy; however, some companies may require an additional premium for the coverage. Talk to a financial professional to see what type of living benefit riders may be available on your insurance coverage.

Living benefits are not intended to replace health insurance or long-term care insurance—but they can provide extra help with needs that result from terminal or long-term illnesses.


1Critical Illness in CA; Specified Medical Condition not available in CA.
This is a life insurance benefit that also gives you the option to accelerate some or all of the death benefit in the event that you meet the criteria for a qualifying event described in the policy. This policy does not provide long-term care insurance subject to California long-term care insurance law. This policy is not a California Partnership for Long-Term Care program policy. This policy is not a Medicare Supplement policy.
Life insurance proceeds paid in the form of an accelerated death benefit when the insured has become chronically or terminally ill, and is otherwise eligible for benefits, are intended to receive favorable tax treatment under Section 101(g) of the Internal Revenue Code (26 U.S.C. Sec. 101(g)). There may be tax consequences in some situations in accepting an accelerated benefit payment amount, such as where total payments exceed the per diem limitation under the Internal Revenue Code. Consult your tax advisor before taking an advance.
An accelerated death benefit is not to be sold as or to replace long-term care insurance, nursing home insurance, or home care insurance. An accelerated death benefit (such as the Chronic Illness Accelerated Benefit Rider) and long-term care insurance provide very different kinds of benefits.
Product features differ between long-term care insurance and life insurance accelerated death benefit riders. Accelerated death benefit riders pay an unrestricted advance of a portion of the life insurance death benefit when the insured experiences terminal or chronic illness as defined in the rider. You do not have to show incurred care expenses associated with an accelerated death benefit. The maximum benefit payable is based on the policy's cash value and face amount. Any advance paid will reduce the death benefit of the policy. Long-term care policies or riders, on the other hand, pay benefits based on expenses incurred by the policyholder for long-term care. The total benefits available for long-term care insurance are selected by the policyholder at issue. Long-term care insurance is a stand-alone insurance policy or a rider designed to pay for the cost of long-term care services. Long-term care insurance may include coverage for such qualifying events as institutional care, care in a nursing home or skilled nursing facility, home care coverage, hospice care, respite care, or community care.
Columbus Life Insurance Company is licensed in the District of Columbia and all states except New York.