MMC Benefits Handbook
Living Benefit Option
Can I receive the benefit prior to my death?
The Personal Life Insurance Plan contains a Living Benefit option. In general, this benefit allows you to receive an "advance" (subject to certain maximum limitations) against life insurance proceeds payable at the time of your death if you become terminally ill. Any payment made in advance will be deducted from the death benefit when you die.
For additional information about this option, contact Mercer Health & Benefits Administration.
Can I purchase Paid-up Life Insurance?
You can buy a reduced, paid-up life insurance amount with your policy's cash value.