What does the Additional Monthly Benefit (AMB) policy rider provide?

The Additional Monthly Benefit (AMB) policy rider is designed to provide income benefits during the Social Security waiting period, which is the time frame in which an individual has applied for Social Security Disability Insurance (SSDI) but has yet to start receiving benefits. This rider aims to alleviate financial strain by offering a supplementary income during this waiting period, which can often take several months.

The other options do not accurately reflect the purpose of the AMB rider. Long-term care needs are typically addressed through distinct long-term care insurance policies, while a one-time payment for disabilities describes a different type of benefit structure, such as those found in specific disability insurance policies. Investment options in a retirement account fall outside the scope of health insurance and are unrelated to the benefits provided by the AMB rider. Thus, the correct understanding of the AMB rider is integral to grasping how income support can be structured in health insurance products.