Denzel RodriguezFinancial Coach & Kingdom Builder

Chronic/Terminal Illness and Death Benefit

4 Dec 2025 · 1 min

Watch on YouTube

1:24

A short YouTube presentation by Denzel Rodriguez explaining chronic/terminal accelerated death benefit riders that allow policyholders to access a portion of the death benefit while still living to cover major medical costs, followed by a walkthrough of premium-illustration numbers. The speaker gives numeric examples ("9180" and "1102"), discusses a 10-year premium payment example, notes that extending to 20 or 30 years raises premiums, and mentions converting the policy to whole life later.

Questions this video answers

9180

1102

10 years (example); mentions extending to 20 years or 30 years

Chapters

There's chronic terminal accelerated death benefit riders that are on here in the event that you don't pass away initially, but God forbid we get some sort of chronic or terminal illness and now we have an unknown amount of time to live, we're able to go to the insurance company and actually receive a large portion of our death benefit while living. To be able to cover huge medical bills, you know, tests, things like that, to make that time that you have less stressful from a financial perspective.
Okay, so this one's yours. All right. 47. Again, if we get the best rating, we can expect this number 9180 being the monthly premium. So it's just a quote and go up, this would be a total premium in a year. 1102, same thing, 10 years. If we were to extend the length in time, say 20 years or 30 years, it's going to increase our premium that much more. So that's why I just did 10 years, because I'm really confident that you'll have the ability to convert this to whole life later on. Right. Okay.