How To Understand The Accelerated Death Benefit Rider In A Life Insurance Policy
This is a Life Insurance provision that can provide financial assistance in the event that you become diagnosed with a terminal illness.

How An Accelerated Death Benefit Rider Works
If you become terminally ill, you can take out a portion of the death benefit from your insurance policy as cash, which can then be used to cover the costs of medical expenses, treatments, or Long-Term Care. Any cash that is taken out of the policy will not be distributed as a part of the death benefit (the money that the insurance company would pay your beneficiaries when you die), but it can be used for immediate expenses.
Reasons For Purchasing An Accelerated Death Benefit Rider
If you have a family history of illness you might be interested in purchasing this rider, as it can help provide financial assistance if you should get sick. If you are already sick, you may not be able to purchase this rider, so if you're already sick and you're interested in purchasing an accelerated death benefit rider you should consult with a licensed Life Insurance agent to figure out what your options are.
Accelerated Death Benefit Rider Cost
The accelerated death benefit may come standard with your policy, or you may have to add it on as a rider. In some cases, adding the rider may result in a higher premium, though often it is included at no additional cost.
Other Types Of Insurance Riders Include...
- All The Information You Need To Share About...It’s incredibly sad to think of our pets without us, but here’s your chance...Read more
- Estate Planning For Your PetsAmerica is approaching a belly rub crisis. Or, in the case of cats, that...Read more
- What To Say To Someone Grieving The Loss Of A PetFor most people, it’s not just a dog, cat, or other domesticated animal....Read more
- Planuary: Organizing For The New YearIf the turn of a new year inspires you to finally get your life in order, we...Read more