Accelerated Death Benefit
Benefits That Reach You Before Your Passing
What is an Accelerated Death Benefit Rider?
An accelerated death benefit rider (ADB) is a benefit that may be attached to a life insurance policy that permits the policyholder to receive cash advances from the death benefit in case of being identified as having a terminal / chronic / critical illness.
Many individuals who choose this have less than one year to live and utilize the cash for other costs along with treatments needed to remain alive.