What is an Accelerated Living Benefit and how does it work?
If you become terminally ill with a Qualified Medical Condition and meet certain requirements, and are not expected to live more than 12 months, you may request up to 75 percent of your basic Group Term Life insurance benefit amount. A doctor must certify your condition in order to qualify for this benefit. The death benefit will be reduced by any benefits paid under this option. To file a claim, contact DAS benefits and request an Accelerated Living Benefit Packet. NOTE: Please review your situation carefully before taking the Accelerated Living Benefit option. Tax laws relating to the Accelerated Living Benefit are complex. You are advised to consult a qualified tax or legal advisor before accepting payment from an Accelerated Living Benefit.
