WHo can claim their death benefit while still alive

In the US, claiming your full death benefit from a traditional life insurance policy  isn't possible while you're alive.  However, there are two ways to access a portion of the value:

1. Living Benefit Riders:  These are optional add-ons you might have purchased with your life insurance policy (typically whole or universal life).  They allow you to access some of the policy's cash value if you meet specific criteria.  This could be a terminal illness diagnosis, needing long-term care, or even chronic illness depending on the rider.  The amount and conditions for accessing the cash value will depend on the specific rider attached to your policy.
2. Viatical Settlements:  This involves selling a portion of your death benefit to a viatical settlement company.  In exchange, you receive an immediate cash payment.  However, the payout will be significantly less than the full death benefit (usually 60-90%).  This difference reflects the risk the company takes on by paying you now and waiting to receive the full benefit later.  Viatical settlements are generally considered a last resort due to the lower payout
3. Here's what we can do for you:

• Review your life insurance policy documents:Look for any mention of living benefit riders. 
• Provide you with a free consultation with a financial advisor: They can help you understand your options based on your specific policy and financial situation.
• Research viatical settlements: This option should be carefully considered, as you'll receive a lower payout. It's best to explore all other avenues before resorting to this.