Ameritas FLX Living Benefits Term Life Insurance: Real Protection You Can Use While Alive
If you’re searching for a term life insurance policy that goes beyond basic death protection, Ameritas FLX Living Benefits Term Life Insurance is a solution worth exploring. This policy offers both affordable coverage and powerful built-in features that can provide financial relief while you're still alive. With living benefits included at no extra premium, the Ameritas FLX Term gives policyholders added peace of mind during life’s most unpredictable moments.
What Is Ameritas FLX Living Benefits Term Life Insurance?
Ameritas FLX Term is a level-term life insurance product that includes living benefits—also known as accelerated death benefits—at no additional cost. These benefits allow policyholders to access part of their death benefit early if they experience a qualifying health condition, such as a terminal, chronic, or critical illness.
Unlike traditional life insurance that only pays out after death, FLX Term’s living benefits can help cover:
- Medical expenses
- In-home care
- Lost income
- Everyday living costs during a serious illness
These features transform a standard term policy into a more comprehensive form of financial protection. Rather than relying solely on health insurance or personal savings during a crisis, you have the option to draw from your life insurance when it matters most.
Built-In Living Benefits Riders
The Ameritas FLX Term includes three powerful living benefits riders:
1. Terminal Illness Rider
If diagnosed with a terminal illness and given a life expectancy of 12 months or less (24 months in some states), you can access a portion of your death benefit to use as needed. This may include paying for specialized care, travel to treatment centers, or simply reducing the financial burden on your family.
2. Chronic Illness Rider
This rider is triggered if you become permanently unable to perform two or more of the six activities of daily living (ADLs) without assistance, such as bathing, dressing, eating, toileting, transferring, or continence. Severe cognitive impairment also qualifies. These payouts can be especially helpful for covering long-term care expenses, which are often not fully covered by health insurance or Medicare.
3. Critical Illness Rider
Covers serious medical conditions including (but not limited to):
- Cancer
- Heart attack
- Stroke
- Major organ transplant
- Kidney failure
The financial impact of a critical illness can be significant—even with good medical coverage. The critical illness rider provides flexible funds to offset treatment costs or replace lost income during recovery.
Key Features of Ameritas FLX Term
- Coverage Amounts: Available from $25,000 up to $2 million
- Term Lengths: Choose from 10-, 15-, 20-, or 30-year terms
- Convertible: Convert to permanent life insurance without new underwriting
- Competitive Pricing: Designed to be budget-friendly for individuals and families
- Financial Strength: Ameritas has over 130 years of experience and maintains strong ratings for financial stability
- Customizable Riders: Additional optional riders are available to expand your coverage as needed
How Much Can You Access?
- The amount you can access depends on your condition and remaining death benefit
- Accelerated benefit payouts reduce the death benefit payable to your beneficiaries
- Any loan balances, interest, or administrative charges are also deducted from the final payout
Ameritas uses actuarial models to determine the amount offered under living benefits based on the severity of the condition, age of the policyholder, and policy value.
Example Scenario
Consider a 40-year-old parent with a $500,000 Ameritas FLX Term policy. At age 52, they suffer a heart attack and qualify for the critical illness rider. Depending on the payout structure, they may access a portion of their policy—say $100,000—to help cover lost income, cardiac rehab, or home care needs. The remaining $400,000 remains intact (minus fees) for their beneficiaries if no further benefits are used.
Who Should Consider Ameritas FLX Term?
- Young families looking for budget-conscious life insurance with added value
- Self-employed individuals who lack employer-sponsored disability or long-term care options
- People with a family history of illness who want protection beyond basic term insurance
- Anyone planning for both short-term needs and long-term legacy
This policy is especially suitable for people who want more control over how their life insurance policy serves them in real time—not just after death.
How to Apply
- Contact a licensed insurance agent who works with Ameritas.
- Choose your coverage amount and term length based on your needs.
- Complete the underwriting process. Some applicants may qualify for simplified underwriting, depending on age and coverage amount.
- Review policy illustrations to understand how living benefits could work for your situation.
Final Thought
Ameritas FLX Living Benefits Term Life Insurance offers more than just financial security for your loved ones—it gives you direct access to your policy’s value while you’re still alive. Whether you face a sudden diagnosis, long-term care need, or recovery from a major health event, this policy is designed to support you through it all.
With built-in riders for terminal, chronic, and critical illness—and the financial backing of a stable, experienced company—Ameritas FLX Term is one of the most well-rounded term life insurance options on the market today. If you're looking for life insurance that protects more than just your future legacy, this is a product that delivers value in the moments you need it most.