A rider tagged with a regular life insurance policy that provides for the early payment of a portion of the base policy amount, if the life assured contracts a terminal illness or undergoes treatment arising from causes mentioned in the policy document.

A life insurance policy benefit that allows the insured or policy owner The right to receive a percentage of the insurance policy death benefit in advance if the insured is diagnosed with a terminal illness and not expected to live for a period of at least 12 months. Written proof of terminal illness from a medical professional must be obtained before the insurance company will pay a benefit.