What are accelerated death benefits?

A rider that lets you access 25-100% of your life insurance death benefit early if diagnosed with a terminal illness. These funds are typically tax-free.

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Just Diagnosed with a Serious Illness — Financial Steps

Quick Answer

A serious illness diagnosis is devastating, but there are immediate financial steps to take: review your life insurance for accelerated death benefits (ADB) or living benefits riders, check disability insurance policies, review employer benefits for paid leave options, and consider a financial consultation to plan for reduced income and increased medical costs.

Last updated: June 2, 2026

Critical financial steps to take after a serious illness diagnosis, including life insurance living benefits, disability claims, and financial planning.

Frequently Asked Questions

It becomes very difficult and expensive. Guaranteed issue life insurance may be available but with lower coverage amounts and a 2-year waiting period.

Related Resources

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Disclaimer: This content is for educational and informational purposes only and does not constitute financial, legal, or tax advice. Products and services mentioned may not be available in all states. All insurance products are subject to underwriting and policy terms. Consult a licensed professional for advice specific to your situation.

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