What does an "accelerated death benefit" allow the insured to do?

An accelerated death benefit allows the insured to receive a portion of the policy's death benefit while they are still alive, typically in cases where they have been diagnosed with a terminal illness. This feature is designed to provide financial support for the insured during a critical time, enabling them to cover medical expenses, living costs, or any other needs that may arise due to their condition.

The ability to access funds early can be crucial for individuals facing high medical bills or other financial pressures linked to their illness, allowing them to have greater control over their resources and potentially improve their quality of life in their remaining time. This benefit is often a valuable feature of life insurance policies, giving policyholders the flexibility to use their insurance coverage in a way that directly assists them while they are still alive.