What could trigger the use of a living benefit rider in an insurance policy?

The use of a living benefit rider in an insurance policy is typically triggered by specific life situations that significantly impact the insured's health or financial circumstances. Experiencing a terminal illness is one of the primary events that can activate this rider, allowing the insured to access a portion of their death benefit while they are still alive. This financial assistance can help cover medical expenses, daily living costs, or any other financial burdens the individual may face due to their illness.

Living benefit riders are designed to provide support when the policyholder is facing critical or terminal health conditions, making it easier for them to manage their affairs and alleviate stress at a challenging time. Other events, such as changes in premiums or tax implications, do not trigger living benefit riders as they are not directly related to the insured's health status or immediate need for financial assistance.