May 25, 2015
Montpelier, Vermont – National Life Group insurance companies introduce what is believed to be an industry first Critical Injury accelerated benefits rider and has enhanced its Critical Illness rider. Accelerated Benefits Riders, available on all its life insurance policies, provide access to the death benefit in the event of a qualifying terminal, chronic, critical illness or critical injury. Riders are optional features that can be added to a life insurance policy to increase the benefits or protection that it provides. These riders are available on products issued from both its member companies, National Life Insurance Company and Life Insurance Company of the Southwest.
“Accelerated Benefits Riders help our policyholders breathe a little easier during difficult times.” explains Ruth Smith, Executive Vice President of Protection for National Life Group. “The increasing costs of healthcare have left many families struggling to cover their expenses when faced with a serious medical event. Thankfully, they now have the option to access their death benefit early if they so choose. It’s truly life insurance for the living.”
The companies of National Life Group offer a broad range of financial products, including life insurance, annuities, and investments, and financial solutions in the form of estate, business succession and retirement planning strategies. They are a leading provider of 403(b) and 457(b) tax-deferred retirement plans, primarily in the K-12 school marketplace.
Contact: Ross Sneyd, corporate communications, National Life Group, 802.229.3866.
National Life Group® is a trade name of National Life Insurance Company, Montpelier, VT, Life Insurance Company of the Southwest, Addison, TX and their affiliates. Each company of National Life Group is solely responsible for its own financial condition and contractual obligations. Life Insurance Company of the Southwest is not an authorized insurer in New York and does not conduct insurance business in New York.
Riders 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. Payment of Accelerated Benefits will reduce the Cash Value and Death Benefit otherwise payable under the policy. Receipt of Accelerated Benefits may be a taxable event and may affect your eligibility for public assistance programs. Please consult your personal tax advisor to determine the tax status of any benefits paid under this rider and with social service agencies concerning how receipt of such a payment will affect you.