In some flexible-premium policies, premiums may be reduced or skipped as long as sufficient cash values remain in the policy. However, this will result in lower cash values and a shortened coverage period. Provisions or riders that provide additional benefits can be added to a policy. One such rider is a waiver of premium for disability. An accidental death benefit, for example, pays an additional benefit in case of death resulting from an accident.
Some companies provide accelerated benefits, also known as living benefits.
This rider allows you, under certain circumstances, to receive the proceeds of your life insurance policy before you die. Such circumstances include terminal or catastrophic illness, the need for long-term care, or confinement to a nursing home. Ask your agent for information about these and other policy riders.