Will the payout from an accelerated death benefit rider be taxable?
Accelerated Death Benefit Riders (ADBRs) are a valuable feature offered by many life insurance policies. They provide policyholders with the option to access a portion of their death benefit in the event of a terminal illness, chronic illness, or critical illness diagnosis. This financial lifeline can help individuals cover medical expenses, long-term care costs, or...
Accelerated Death Benefit Riders (ADBRs) are a valuable feat...