How Chronic Illness Living
Benefits Work Through ADB Riders

Chronic Illness Benefits

Early Access to Death Benefits with Phoenix Safe Harbor Term Life Express

The Chronic Illness rider gives you the option to accelerate a portion of your death benefit early if you are certified by a physician as being unable to perform at least two ADLs or activities of daily living (bathing, continence, dressing, eating, toileting, transferring) or if you require substantial supervision due to severe cognitive impairment.

assisted living facility


Joe Buys A Policy

At age 60, Joe purchases Phoenix Safe Harbor Term Life with a 20-year duration and a $200,000 death benefit with an initial monthly premium $233.36.


Doctors Diagnose Joe With COPD

During his annual physical, Joe discovers he has COPD (Chronic Obstructive Pulmonary Disease).


Joe's Condition Catches Up

At age 66, Joe can no longer perform 2 ADLs due to his COPD. His wife works full-time and is not able to provide the daily care assistance that he requires. Joe decides to exercise his chronic illness rider to help pay for his care assistance.

Joe accelerates 50% of his death benefit or $100,000. His actual benefit amount will be based on the severity of his illness and its impact on his future life expectancy. In Joe’s case, he receives a lump-sum benefit of $82,844 and his monthly premium is reduced to $119.78.1, 2


Bills Mount, But Joe Takes Stress Off Family

Two years later, Joe’s condition has not improved and he decides to exercise his rider a second time to help pay for his extensive medical costs. Joe accelerates $90,000 of his remaining death benefit (the remaining amount available to accelerate). He receives a lump-sum of $74,528 based on his current life expectancy.


Family Gets Remaining Benefits

Joe passes away one year later. His beneficiaries will receive his remaining death benefit which will help them pay for his final expenses. His remaining death benefit of $10,000 is paid to his beneficiaries.


Learn in Depth How This Rider Works

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1 The premium is reduced proportionally to the reduction in death benefits, but the annual policy fee is not reduced.

2 An administrative charge will apply upon rider exercise.

Important Disclosures

The ability to apply for coverage over the phone directly with Phoenix licensed agents is available in CO, CT, GA, MI, NC, SC, and OH, at this time.

Guarantees are based on the claims-paying ability of the issuing company.

Phoenix Safe Harbor Term Life and Phoenix Safe Harbor Term Life Express (ICC14PPTL, 14PPTL) are issued by PHL Variable Insurance Company (PHLVIC) (Hartford, CT). PHLVIC is not authorized to conduct business in Maine and New York.

Members of The Phoenix Companies, Inc., a Nassau Re Company