What is the main benefit of the accelerated death benefit rider?

The main benefit of the accelerated death benefit rider is that it allows the insured to access a portion of their death benefit while they are still alive, specifically for expenses related to terminal illnesses. This feature is especially valuable for policyholders who are diagnosed with a terminal condition and may need financial assistance to cover medical bills, end-of-life care, or other related costs. By having this rider, individuals can alleviate some of the financial burdens during a difficult time, allowing them to focus on their care and their loved ones without the added stress of their finances.

This rider is beneficial because it offers a safety net in critical situations, ensuring that the insured can make important decisions regarding their health care and personal affairs while having access to funds that would typically be unavailable until after death.