A. For Term life policy applicants in California, while there are few (not a lot) Term life providers offer accelerated living benefits, we highly recommend everyone take a look at Prudential Term Essential product.
When you compare its annual premium, you might find it's not as competitive as Protective, Banner, or SBLI, but most people don't know about this - Prudential's annual premium already includes the "Accelerated Living Benefits" rider!
For the other carriers, the "Accelerated Living Benefits" is typically a rider that will cost you extra (if they do offer such rider). When you compare the total cost, you may find Prudential's premium becomes the most competitive one.
Specifically, Prudential's Living Needs Benefit Rider (form ORD 87241-90-P CA) will entitle the policyowner receive a portion of the death benefit prior to the insured's death if the insured:
- has been confined to an eligible nursing home for at least six consecutive months, and is expected to be permanently confined, or
- is terminally ill, and has a life expectancy of six months or less.
If you want to compare different Term life policy's rates, please contact us, we are an independent agent operating nationwide and can help you get the best Term life product!