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March 2021

A life insurance benefit to fit your living needs

Encova Life is excited to offer your policyholders a powerful new benefit at no additional premium: chronic illness benefit.

In the unfortunate event a policyholder is diagnosed with a qualifying chronic illness, our chronic illness benefit will help cover his or her costs of living. Included as a benefit on all policies $25,000 and greater (up to table 4), your customers still keep the life insurance death benefit, even if they never need advanced payments. Even more, benefit payments are cash benefits and can be used in any way your client needs, from covering nursing home fees to paying for groceries and prescriptions.

The rider accelerates the face amount of the policy.

  • Minimum of the greater of $5,000 or 5% of the base policy death benefit
  • Maximum of the lesser of $200,000 or 20% of the base policy death benefit
  • One-time payment (lump sum)

It’s not too late to attend!

Join us today, March 25, at 10 a.m. EDT for a webinar to learn more about Encova Life. You’ll hear directly from Encova Life leadership as they introduce our new chronic illness benefit in more detail.