Use a portion of it for Any Serious Illness
If your insurance policy has an accelerated death benefit (ADB), you could qualify to use a portion of the death benefit to pay up for certain health care expenses, such as the costs of a terminal illness or long-term care, while you’re alive..
Cash Advances
Having the ADB in a policy, you take cash advances from the policy, cutting down the death benefit by up to a fixed percent. The remainder is paid to your beneficiaries on your death
Although an accelerated death benefit could facilitate to relieve from the present-day financial loads, including this option in your policy increases the cost of insurance premium. And, whenever you do take money out, it cuts down what your beneficiaries get..
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