Chronic Illness Rider

Quick Answer

This is a rider available on some life insurance policies which provides an acceleration of the policy holder’s death benefit if they are chronically ill and terminal. This allows the policyholder to use the death benefit to provide for care services prior to death.

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Detailed Answer

This is a rider available on some life insurance policies which provides an acceleration of the policy holder’s death benefit if they are chronically ill and terminal. This allows the policyholder to use the death benefit to provide for care services prior to death.