[Darlene Denise]

Tonya: First, your insurance company can't do anything to you. You have a valid paid contract that was purchased prior to your illness. You can take up to the specified maximum amount (usually 50%, sometimes more) and the balance will remain. Some contract specify a total maximum amount available. For instance, you may have a $500,000 policy but may be limited to a maximum of $150,000 accelerated benefits, as an example. You will receive a new policy face sheet showing the the new lower death benefit and lower premiums (based on the lower death benefit). The policy type will remain unchanged. Be sure to review your current beneficiaries to be certain they are indicated as you wish.

Simply call the company and tell them you need the necessary claim forms sent for Accelerated Death Benefits and any premium waiver for disability forms (if you have the rider and are on disability). You are not obligated to offer any explanations at this point. Just get the forms, complete them and submit them.

I need all a little more info to address your plan to outlive the remaining benefits. Is this a term contract? If so, how many years are left on the term. You may have some conversion options. Are you the policy owner and primary insured?

I am always happy to help, just keep in mind insurance contracts and state regulations vary, so, always best to consult with your adviser when making these important decisions. But, feel free to run anything by me and I'll give my thoughts.

Good luck and I send my best...Darlene