Which benefit allows an insured to access funds for medical reasons due to terminal illness?

The accelerated benefit rider is designed specifically to allow insured individuals to access a portion of their life insurance policy's death benefit while they are still alive, typically when facing a terminal illness. This option provides financial support to cover medical expenses, long-term care, or any other costs that may arise due to the terminal condition.

By allowing the insured to utilize these funds, the accelerated benefit rider helps alleviate some of the financial strain associated with serious health issues, promoting peace of mind during a challenging time. Other riders, such as living benefits or family term riders, might not provide the same direct access to funds for medical needs associated with a terminal condition. The disability waiver of premium rider, while helpful in certain situations, primarily addresses premium payments rather than providing direct access to benefits for medical use.