Living Benefits
Life Insurance That Protects You While You’re Alive
Most people think life insurance only pays out after you pass away.
Modern policies can do more.
Living benefits allow you to access a portion of your life insurance policy if you’re diagnosed with a qualifying serious illness — helping protect your finances during one of the hardest times in life.
It’s not just protection for your family.
It’s protection for you.
What Are Living Benefits?
Living benefits are policy features that allow you to accelerate part of your death benefit if you’re diagnosed with:
Critical illness (heart attack, stroke, certain cancers)
Chronic illness (long-term care type conditions)
Terminal illness
Instead of waiting for a death claim, you may be able to receive a lump sum while you’re still living.
That money can be used however you choose:
Medical expenses
Travel for treatment
Lost income
Mortgage payments
Everyday living costs
There are no restrictions on how the funds are used.
Why Living Benefits Matter
Serious illness is one of the biggest financial threats to families today.
Even with health insurance, out-of-pocket costs, missed work, and ongoing expenses can quickly create pressure.
Living benefits help bridge that gap.
They give you options.
They give you flexibility.
They give you breathing room.
How It Works
That money can be used however you choose:
You purchase a life insurance policy that includes living benefit riders.
If diagnosed with a qualifying condition, you file a claim.
If approved, you receive a portion of your death benefit early.
The remaining benefit stays in place for your beneficiaries.
It’s simple, structured, and built into many modern term and permanent policies.
Who Should Consider Living Benefits?
Living benefits are especially valuable if:
You are the primary income earner
You have young children
You have a mortgage or significant debt
You want protection beyond just death coverage
You want more than a “traditional” life insurance policy
For many families in Ardmore, Durant, and Southern Oklahoma, this feature has become just as important as the death benefit itself.
frequently asked questions
Are living benefits included automatically?
Not always. Some policies include them at no additional cost, while others require specific riders. We review options carefully.
Does using living benefits cancel my policy?
No. Any amount accessed is simply deducted from the remaining death benefit.
Do I have to repay the money?
No repayment is required. It is an acceleration of your policy benefit.
Are there medical requirements?
Yes. Living benefits are subject to policy definitions and underwriting approval.
Ready to protect what matters most?
It only takes a few minutes to find out what coverage is right for you.
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The Tubbs Agency is a trusted insurance agency based in Ardmore, Oklahoma, proudly serving clients in Ardmore, Durant, Ada, Madill, Sulphur, Davis, Lone Grove, Tishomingo, Kingston, Marietta, Texoma, and surrounding Southern Oklahoma communities.
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