Definition

Accelerated death benefits

Accelerated death benefits mean a rider or benefit in a life insurance policy that allows insureds who are terminally ill or who suffer from certain catastrophic diseases to receive part or all of their life insurance benefits before they die, primarily to pay for the care they require.

Share it:  Cite

More from this Section

  • Risk map
    Risk map used in risk management that shows grids detailing the potential frequency and ...
  • Free On Board [FOB]
    Free On Board [FOB] is shipping term, which applies, when the goods are placed on board ...
  • Cross Rate
    In calculating a spot or future price between two currencies, reference to their respective ...
  • Customer privacy
    Customer privacy is the protecting the personal information that customers supply to their ...
  • D/A (documents against acceptance)
    D/A (documents against acceptance) refer to shipping documents presented to a bank on ...