The life insurance plan offering the best accelerated death benefits is the one with the highest percentage of the death benefit available to the insured while living. Some insurers may make available up to 50% or more of the death benefit to the insured if the insured has a terminal diagnosis and 6 months or less to live.
The accelerated death benefit amount may vary by insurance carrier. So, when you compare plans you'll want to ask about the accelerated benefits available.
In addition, there are living benefits available from whole life insurance policies, as you may be able to take a loan from the cash value that has grown over time in your whole life policy. This is a benefit you can use while still alive.
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