Life Policy ProvisionsQuestion 562 of 716
An accelerated (living) death benefit rider allows the insured to receive part of the death benefit while still alive if the insured:
a.Changes to a higher-paying job or career
b.Relocates to another part of the country
c.Is diagnosed as terminally or chronically ill
d.Reaches normal retirement age and stops working
Explanation
The accelerated death benefit advances a portion of the face amount when the insured is terminally or chronically ill, helping pay care costs. Ordinary events like a new job, retirement, or moving do not trigger it.
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PrepPass team · Verified against California Life & Health Insurance License Exam · How we review
Reviewed by John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verify)