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Accelerated Death Benefit Rider
Accelerated Death Benefits Rider Accelerated death benefits may sound like a newly created government program but in fact it is nothing more than a life insurance policy option. This option kicks in when a person becomes terminally ill, needs extreme medical care or must move into a nursing facility. The policy proceeds are paid to insured individuals over their lifetimes. Understand that differs from the life insurance carried by a healthy person. Should the healthy person remain so for his/her lifetime, the beneficiaries would receive the proceeds only after the insured dies. The payments, as one might expect, made while [...]
