Which of the following qualifies as an event for receiving accelerated benefits?

Receiving accelerated benefits typically relates to a policyholder who is facing a significant health concern that may require immediate financial support. A terminal medical condition qualifies as such an event because it indicates that the insured is in a critical situation, which justifies the early withdrawal of benefits from their life insurance policy.

These benefits are intended to provide financial assistance to individuals facing severe illnesses, allowing them to cover expenses that arise due to their condition. Accelerated benefits can be crucial for ensuring that the insured can manage medical bills, pay for necessary care, or even fund quality-of-life needs as they approach the end of life.

In contrast, minor surgery does not reflect the severity needed to trigger accelerated benefits, and therefore it would not qualify. An insurance policy lapse refers to a failure to keep the policy active and is not a health condition necessitating benefits. The age of the insured, while relevant in many insurance contexts regarding eligibility or premium calculation, does not in itself trigger the provision of accelerated benefits.