If your certificate contains an Accelerated Death benefit, the following applies:
NOTE: IF YOU RECEIVE PAYMENT OF ACCELERATED BENEFITS, YOU MAY LOSE YOUR RIGHT TO RECEIVE CERTAIN PUBLIC FUNDS, SUCH AS MEDICARE, MEDICAID, SOCIAL SECURITY, SUPPLEMENTAL SECURITY, SUPPLEMENTAL SECURITY INCOME (SSI), AND POSSIBLY OTHERS. ALSO, RECEIVING ACCELERATED BENEFITS MAY HAVE TAX CONSEQUENCES FOR YOU. RELIASTAR LIFE CANNOT GIVE YOU ADVICE ABOUT THIS. YOU MAY WISH TO OBTAIN ADVICE FROM A TAX PROFESSIONAL OR AN ATTORNEY BEFORE YOU DECIDE TO RECEIVE ACCELERATED BENEFITS.
THE ACCELERATED BENFEITS ARE NOT INTENDED TO COMPLY WITH 26 U.S.C. 101(G) IN REGARD TO TERMINALLY ILL INSUREDS. THE ACCELERATED BENEFITS ARE NOT INTENDED TO COMPLY WITH 26 U.S.C. 7702B REGARDING QUALIFIED LONG TERM CARE INSURANCE.
Accelerated Death Benefit Exclusions ReliaStar Life does not pay benefits for a terminal condition if the required Accelerated Death Benefit premium or Life Insurance premium is due and unpaid.
All other provisions of the Accelerated Death remain unchanged.
If your certificate includes dependent life coverage, effective September 1, 2001, any dependent life coverage applied for will be limited to 50% of the amount of insurance on the life of the insured employee.
Labor Dispute. If you stop active work because of a labor dispute, you may continue your Life Insurance up to the end of the 6 month period following the date you stop active work. Premiums must be paid.