Which of the following is true about accelerated death benefit riders?

Accelerated death benefit riders are designed to allow policyholders to access a portion of their death benefits while they are still alive, under specific circumstances, such as terminal illness, chronic illness, or specific health conditions that significantly impact their quality of life. This feature is particularly beneficial as it provides financial assistance for medical expenses or other costs that may arise during a policyholder's illness, which can alleviate some of the financial burdens they and their families face at that time.

In contrast, the other options do not accurately reflect the primary purpose of accelerated death benefit riders. They do not allow the policyholder to borrow against the policy, focus solely on accidental death, or reduce the face value of the policy permanently in the way that one might typically think of policy loans or adjustments. Instead, the rider temporarily reduces the death benefit by the amount accessed while still allowing the insured to maintain coverage for remaining benefits until their passing. Therefore, understanding the specifics of these riders and how they work is crucial for recognizing their value in life insurance planning.