What is the purpose for having an accelerated death benefit on a life insurance policy?
A) It allows for a spouse to be added as a rider to a life insurance policy
B) It allows for policy loans to be advanced to the insured in the event of unemployment
C) It allows for cash advances to be paid against the death benefit if the insured becomes terminally ill
D) It allows for a third party to purchase a life insurance policy at a discounted rate and immediately advance a portion of the death benefit
Ans: C) It allows for cash advances to be paid against the death benefit if the insured becomes terminally ill
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