What is the Accelerated Death Benefit rider?
top The accelerated death benefit is a policy provision that allows for the advance payment of a portion of a life insurance policy’s death benefit in the event the insured is diagnosed as terminally ill. Requirements vary by insurance company. This rider is commonly an included feature of many term life insurance policies requiring no additional cost.
The accelerated death benefit is a policy provision that allows for the advance payment of a portion of a life insurance policy’s death benefit in the event the insured is diagnosed as terminally ill. Requirements vary by insurance company. This rider is commonly an included feature of many term life insurance policies requiring no additional cost.
