A special provision in some life insurance policies that allows the policyholder to spend down the death benefit before the insured individual dies.
In practice, most of these riders function by creating a lien against the death benefit while the insured is terminally ill or meet certain other conditions. To get the benefits under this rider, the policyholder must provide medical proof that the insured individual in the policy has a terminal illness and is expected to die within a specified period of time required by the terms and conditions of this rider.
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