Which type of rider supports individuals needing care due to chronic illness?

The Long-Term Care Rider is designed specifically to provide financial support for individuals who require care due to chronic illnesses. This type of rider can be added to a life insurance policy and allows the policyholder to access a portion of the death benefit while still alive to cover the costs associated with long-term care services, which can include nursing homes, in-home care, or assisted living facilities.

This rider effectively addresses the financial impact of chronic illnesses, which often require extended and potentially costly care that typical life insurance does not cover. It's an essential feature for those who want to ensure that they can manage the financial burden of long-term care without jeopardizing their estate or relying heavily on family support.

In contrast, other riders listed, such as the Accidental Death Benefit Rider, typically provide additional benefits in the event of death due to an accident, while the Critical Illness Rider pays out upon diagnosis of specific life-threatening conditions, which may not necessarily include chronic care needs. The Guaranteed Issue Rider, on the other hand, pertains to the ability to obtain a policy without medical underwriting, rather than directly addressing long-term care needs.