There are additional benefits associated with National Life Insurance Company's life Insurance and annuity solutions provided by optional riders. We call them Living Benefits, and they have been providing them for decades. Based on the product, living benefits can provide benefits should a qualifying terminal, chronic or critical illness occur, or if your desire is to have an income that you cannot outlive.
The best way to understand the impact living benefits can have is to navigate the tools below. Please contact me with any questions you may have.
Living benefits may be provided by riders, which are supplemental benefits that can be added to a life insurance policy and are not suitable unless you also have a need for life insurance. Riders are optional, may require additional premium and may not be available in all states or on all products. This is not a solicitation of any specific insurance policy.
The use of cash value life insurance to provide a tax-free resource for retirement assumes that there is first a need for the death benefit protection. Policy loans and withdrawals reduce the policy’s cash value and death benefit and may result in a taxable event. Withdrawals up to the basis paid into the contract and loans thereafter will not create an immediate taxable event, but substantial tax ramifications could result upon contract lapse or surrender. Surrender charges may reduce the policy's cash value in early years.