Accelerated Death Benefit Rider
01/22/2007 By: Tim Bain
Most life insurance companies include a rider on their term life policies
that allows the payment of a portion of the policy death benefit to be paid
to the policy beneficiary(s) in the event the primary insured is diagnosed
as terminally ill by a practicing, licensed physician. This rider is usually
called an Accelerated Death Benefit Rider or Living Benefit Rider. The
rider is almost always included at no additional cost and is subject to
state availability.
