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Products / Life Insurance / Whole Life / Customize Your Policy

Accidental Death Benefit Rider

Not available with Single Pay Whole Life

This rider provides a death benefit to the insured’s beneficiaries if the insured’s death results solely from accidental bodily injury as defined in the rider.*

Policy Form 5783

Issue Ages

  • 18 to 60

*In CA, rider provides benefit if insured’s death is proximately caused by accidental bodily injury as defined in the rider.

Child Term Insurance Rider

Not available with Single Pay Whole Life

The Child Term Insurance Rider provides level term insurance on the insured’s children named in the application and children at least 15 days old born to or adopted by the insured while the policy and rider are in force.

Policy Form 5789

Issue Ages

  • Insured age 18 to 70
  • Children ages 0 to 18

Coverage extends until the first policy anniversary on or after the child’s 25th birthday or, if earlier, the first policy anniversary on or after the insured’s 71st birthday.

Conversion

At any time prior to the child’s 18th birthday, his or her coverage may be converted, without evidence of insurability, to an individual policy with coverage up to the rider coverage amount. After the child’s 18th birthday, if his or her coverage has been in force for two years, the coverage may be converted, without evidence of insurability, up to the lesser of five times the rider coverage amount or $50,000. The child’s coverage under this rider ends upon conversion.

Disability Waiver of Premium Rider

Not available with Single Pay Whole Life

This rider waives policy premiums, including rider premiums, during the covered insured’s Total Disability.

Policy Form 5784(R)

Issue Ages

  • 18 to 60

Total Disability or Totally Disabled means, during the first 24 months, that the insured, due to sickness or injury, is unable to perform the substantial and material duties of his or her occupation. After 24 months, Total Disability or Totally Disabled means that the insured, due to sickness or injury, is unable to perform the substantial and material duties of any job for which he or she is or may become reasonably suited by education, training, or experience.

The waiver benefit begins after a six-month elimination period is satisfied and all conditions are met.

If the insured’s Total Disability begins before the policy anniversary immediately preceding the insured’s 60th birthday and continues to the first policy anniversary on or after the insured’s 65th birthday, the waiver benefit is provided until the policy is surrendered, is canceled, or terminates for any reason.

If the insured’s Total Disability begins on or after the policy anniversary immediately preceding the insured’s 60th birthday, the benefit is provided until the earliest of: a) The date the insured’s Total Disability ends; b) The policy anniversary occurring while the insured is age 65, or the Rider Expiry Date, if later; or c) The date the policy is surrendered, is canceled, or terminates for any reason.

*Total Disability definition differs in CA. Please see the policy for details.

Guaranteed Insurability Option (GIO) Rider

Not available with Single Pay Whole Life

This rider allows the purchase of additional insurance on the primary insured at scheduled option dates shown on the Schedule page without evidence of insurability. The premium for the additional insurance will be based on the rate in use for the insured’s attained age on the effective date.

Policy Form 5793

  • Issue ages: 0 to 39
  • Minimum: $10,000 each option
  • Maximum: $50,000 (may be lower for some policy sizes)
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  • GIO rider is not available on rated cases

Option Timing

  • Issue age 0 to 15: First option  starts at policy anniversary after  18th birthday. Options continue  every 3 years through the  attained age of 33.
  • Issue age 16 to 30: First option  starts at 3rd policy anniversary  and continues every 3 years  through the attained age of 33.
  • Issue age 31 to 39: First option  starts at 3rd policy anniversary  and continues every 3 years  through the attained age of 48.

A scheduled option date may be advanced under the terms described in the rider when the insured marries; a child is born to or adopted by the insured; or the insured purchases a home.

LifeAid® Accelerated Death Benefit Rider

In addition to providing necessary life protection with a guaranteed death benefit, Illinois Mutual’s Path Protector Plus® Whole Life includes at no additional premium our LifeAid® Accelerated Benefit Rider.1 This rider gives your clients the flexibility to accelerate a portion of their policy’s death benefits if they become chronically or terminally ill.2

Policy Form 5803

  • Accelerated benefits for a chronic illness are available when a licensed physician certifies that the insured is permanently unable to perform, without substantial assistance from another individual, two or more activities of daily living for a period of at least the last 90 consecutive days due to a loss of functional capacity; or that the insured requires substantial supervision to protect him or her from threats to health and safety due to permanent severe cognitive impairment.
  • Accelerated benefits for a terminal illness are available when a licensed physician diagnoses the insured with a medical condition that is expected to result in death within 24 months (12 months in FL).

Please note, Policy Form 5803 is not available in CA. Path Protector Plus® Whole Life policies issued in CA include Policy Form 5786(CA), Terminal Illness Accelerated Death Benefit Rider, at no additional premium.

Payments made under these riders are intended to qualify for favorable tax treatment under the Internal Revenue Code. Illinois Mutual recommends that a qualified tax advisor is consulted prior to purchasing the policy or accelerating benefits.

Accelerated Death Benefit Payments may affect eligibility for or the amount of certain state or federal government benefits such as Medicaid or Supplemental Security Income (SSI). These riders are not intended to be a substitute for long term care insurance, health insurance, or nursing home insurance.

Other Insured Term Rider

Not available with Single Pay Whole Life

The Other Insured Term Rider provides level term insurance on someone besides the primary person insured under the base policy while the policy and rider are in force. This rider typically is used to cover a spouse or domestic or civil union partner.

Policy Form 5787

Issue Ages (Age Last Birthday)

  • 10 Year: 18 to 60
  • 20 Year: 18 to 50

Convertible

Coverage may be converted, without evidence of insurability, to an individual, permanent (whole life) insurance policy during the conversion period specified in the rider.

Paid Up Insurance (PUI) Rider

This rider provides paid-up life insurance coverage on the primary insured with either a one-time payment at policy issue or a recurring payment made with each premium.

Policy Form 5794

Issue Ages

  • Single PUI: 0 to 85
  • Recurring PUI: 0 to 65

Term Life Insurance Rider

Not available with Single Pay Whole Life

This rider provides additional level term insurance on the primary person insured under the base policy while the policy and rider are in force.

Policy Form 5791

Issue Ages (Age Last Birthday)

  • 10 Year: 18 to 60
  • 20 Year: 18 to 50

Convertible

Coverage may be converted, without evidence of insurability, to an individual, permanent (whole life) insurance policy during the conversion period specified in the rider.