Clients all have different goals for how their policy will meet loved ones’ financial needs. Available at no additional cost on select products, the Income Provider Option lets them decide how their death benefit will be paid.
Beneficiary payments on the client's terms
The Income Provider Option offers clients 3 key benefits to help them cover the future needs of their beneficiaries.
Structured death benefit payments
Amount and duration are guaranteed
Mitigates the need for a trust
Clients have the flexibility to choose:
- Benefit period: Payments can be made from 1–30 years.
- Payment type: Lump-sum payment, regular income stream or both.
- Payment schedule: Monthly, annually or on a specific day (like birthdays or holidays).
- Distribution: Multiple beneficiaries equally or divided at client’s discretion.
Unique needs make the case for the Income Provider Option
Every client has a vision for how they will financially support their survivors. Consider these 3 scenarios where the Income Provider Option creates beneficiary income streams based on a client’s specific needs.
Alternative to a trust
Create a legacy
Provide family protection
Helpful resources on the Income Provider Option
Use these resources to learn more about the Income Provider Option and support your client conversations.
Other related topics
Cover expenses for chronic illness with ExtendCare%%TM%% Rider
Offer a flexible guarantee with Return of Premium endorsements
Legacy planning to protect what clients pass on
We're here for you
Everyone deserves peace of mind when it comes to safeguarding what’s most important. We’re ready to help you deliver the protection and security your clients deserve. Reach out to us anytime for questions and support, and we’ll get in touch with you as soon as possible.