Can I use accelerated death benefits with my life policy?

by Guest » Thu Apr 02, 2009 01:01 pm
Guest

Hi..I think there are some accelerated death benefits

that could be added to my life insurance under specific circumstances. Any

explanation of such conditions would help!

PythonPal

Total Comments: 13

Posted: Wed Jan 05, 2011 11:49 pm Post Subject:

Depends on what the doctor says. This is usually not something that makes you considered terminal (though it's rupture has an extremely high probability in your death). Usually being terminal is the trigger that needs to be pulled to activate the ADB.

It's best though to contact the insurance company. They can assist you on this.

Posted: Sun Nov 16, 2014 06:38 pm Post Subject: Rider Accelerated

I bought my policy in February of 2013. Since then I have been diagnosed with terminal cancer. Can I apply for the rider even though my life insurance policy is not yet two years old?

Posted: Tue Nov 18, 2014 01:47 am Post Subject:

If you are not expected to live more than 12 months, the answer is probably yes. But you have to read your contract to know for sure. You can always call your agent and ask, or call the insurance company and ask. It is against the law for either of them to mislead you.

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