What Is An Accelerated Death Benefit Rider?

Ever wondered what an Accelerated Death Benefit Rider is and how it can provide crucial financial support during challenging times? This essential guide from Life Insurance Library breaks down this vital life insurance feature. Here's what you'll discover about ADB riders: ► A clear definition of what an Accelerated Death Benefit (ADB) rider is and its purpose. ► The specific qualifying events, such as terminal or critical illness, that allow you to access your policy's benefits early. ► How an ADB rider can help cover medical expenses or living costs when you need it most, without waiting for the death benefit. ► The potential impact on your policy's remaining death benefit and cash value. ► Key considerations and advantages of adding this powerful rider to your life insurance policy. #AcceleratedDeathBenefit, #LifeInsurance, #InsuranceRiders, #FinancialPlanning, #LivingBenefits, #EstatePlanning, #LifeInsuranceExplained, #FinancialLiteracy