What is an 'accelerated death benefit' rider?

The accelerated death benefit (ADB) rider — also called a living benefits rider — lets the insured access part of the death benefit while still alive if diagnosed with a qualifying condition. Three main triggers: (1) terminal illness (life expectancy under a specified period, typically 12-24 months), (2) chronic illness (inability to perform activities of daily living), (3) critical illness (specific diagnoses like cancer, stroke, heart attack). The amount accelerated reduces the death benefit eventually paid to beneficiaries. ADB riders provide flexibility for medical expenses, hospice care, or end-of-life choices and are common in modern policies. Tax treatment of accelerated benefits for terminal illness is generally favorable; chronic illness benefits may have specific rules.