What is the accelerated death benefit rider?

The accelerated death benefit (ADB) rider allows you to access a portion of your policy's death benefit while still alive if you are diagnosed with a terminal illness, chronic illness, or critical condition such as a heart attack or stroke. The advance is typically tax-free and can be used for any purpose — medical bills, housing, or everyday living expenses. Most modern policies include this rider at no extra cost, but the amount you access is deducted from the final death benefit paid to your beneficiaries.