Life Insurance Exam [National] 53 – Accelerated Death Benefit Rider Explained

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Exam insurance exam. In this episode you will learn: • The definition of the Accelerated Death Benefit as a living benefit allowing access to 50-100% of the face amount. • Why this rider is typically included at no additional premium cost compared to other life insurance riders. • The specific triggers for payment including physician certification and the 90-day elimination period. • How to calculate the reduction of the death benefit and the impact on beneficiaries after acceleration. • The key differences between the Accelerated Death Benefit rider and third-party Viatical Settlements. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep