How Critical Illness Living
Benefits Work Through ADB Riders

Critical Illness Benefits

Early Access to Death Benefits with Phoenix Safe Harbor Term Life

The Critical Illness rider gives you the option to accelerate a portion of your death benefit if you are diagnosed with a heart attack, stroke, cancer, renal failure, major organ transplant or ALS.

mother with children


Randi Buys A Policy

She has a husband and two children. She works as a school teacher. Her husband runs his own painting business. At age 40, Randi purchases Phoenix Safe Harbor Term Life with a 20-year duration and a $250,000 death benefit with an initial monthly premium $70.08.


Doctors Discover Breast Cancer

Seven years later, during her annual physical, Randi learns that she has breast cancer.


Randi Uses The Policy to Pay Bills

She wants to help the family cover her medical expenses and make up for her husband’s lost income while he cares for her. Randi chooses to exercise her critical illness rider and receive a portion of her death benefit early

She accelerates 95% of her death benefit or $237,500. Her actual benefit amount will be based on the severity of her illness and its impact on her future life expectancy. Given her condition, Randi receives a benefit of $110,624.


Randi Still Has $12,500 In Protection

Her remaining death benefit is now $12,500. Her future premium will be reduced based on her new lower death benefit.1, 2


Learn in Depth How This Rider Works

Ready to Shop?


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