Accelerated Death Benefit for Terminal Illness Rider


  • The policyowner will receive a lump sum acceleration benefit payment (cash advance) if the insured party becomes terminally ill:
    • The cash advance can be used by the policyowner for any purpose.
  • Terminal illness is defined as “an illness expected to result in death of the insured party within 12 months”.
  • The acceleration amount is determined by the acceleration date:
    • The minimum acceleration amount is $25,000.
    • The maximum acceleration amount is $250,000 or 75% of the total death benefit, whichever is lesser.
    • The maximum acceleration amount acceptable on the life of the insured party for all base policies issued by the insurer is $250,000.
  • Only 1 acceleration is allowed per base policy issued by the insurer on the life of the insured party


  • Back-End Load
    • Administrative Fee
    • Interest Charge
      • The minimum interest charge is $150
      • The maximum interest charge is $250


  • Mandatory


  • Rider terminates at the time of acceleration.
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