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)
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.