Why would I choose a living benefits rider with my life insurance policy?
While it’s not necessary to purchase a living benefits rider with your life insurance policy, the benefits often far outweigh the cost. Even if you are in perfect health, accidents can happen. There is really no downside to purchasing one, and a living benefits rider can help ease anxiety if something should happen. If you don’t need to use it, the funds will remain in your life insurance policy.
It’s important to note, though, that you cannot receive benefits if you already have a chronic illness.