Which policy provision permits an insured to utilize part of the death benefit while still alive, if they are terminally ill?

The accelerated death benefit provision allows an insured individual to access a portion of their death benefit while they are still alive, specifically in cases of terminal illness. This feature is particularly beneficial for policyholders facing significant medical expenses or seeking to cover costs associated with end-of-life care. By tapping into the death benefit early, these individuals can receive financial support during a critical time in their lives, which can alleviate some of the stress associated with terminal illness.

This provision is distinct because it directly connects the ability to access funds to the insured's health status, differing from other options like living benefit riders or cash value withdrawals, which may not necessarily be tied to terminal illness or can involve different procedures. The accelerated death benefit is designed to provide immediate financial relief without the need for the insured to pass away before receiving funds, reinforcing its role as a vital support mechanism in life insurance policies.