A Living Benefit Rider allows you to access part of your life insurance policy’s death benefit while you’re still alive, in cases of serious illness or terminal diagnoses. This feature can be used to help pay for medical treatments or cover other expenses during a health crisis.
It provides financial support when it’s needed most, but it reduces the eventual payout to your beneficiaries. It’s a way to balance life insurance protection with practical financial assistance if you face significant health issues.