Critical Illness Benefit: This type of living benefit allows policyholders to receive a portion of their death benefit if they are
diagnosed with a specified critical illness, such as cancer, heart attack, stroke, or end-stage renal failure. The funds can be used to cover medical expenses, treatment costs, or other financial needs during the recovery process

Chronic Illness Benefit: Some life insurance policies offer living benefits for chronic illness, which provide funds to policyholders
who are unable to perform certain activities of daily living (ADLs) due to a chronic illness or condition. This benefit can help cover long-term care expenses, home modifications, or other costs associated with managing a chronic illness

Terminal Illness Benefit: This type of living benefit allows policyholders who are diagnosed with a terminal illness and have a limited life expectancy (usually less than 12-24 months) to access a portion of their death benefit in advance. The funds can be used to cover medical bills, hospice care, palliative care, or other end-of-life expenses

Long-Term Care Rider: Some life insurance policies offer optional riders that provide living benefits for long-term care needs. These riders allow policyholders to access a portion of their death benefit to cover the costs of long-term care services, such as nursing home care, assisted living, or in-home care Living benefits provide policyholders with financial flexibility and peace of mind by offering access to funds when they need them most. However, it's important to carefully review the terms and conditions of the living benefits provisions in a life insurance policy, including any limitations, exclusions, or requirements for eligibility. Additionally, accessing living benefits may reduce the death benefit payable to beneficiaries upon the insured death, so it's essential to consider the potential impact on the overall financial plan before utilizing these benefits