Meaning Accelerated benefits
What does Accelerated benefits mean? Here you find 4 meanings of the word Accelerated benefits. You can also add a definition of Accelerated benefits yourself
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Accelerated benefitsUsually having to do with terminal illness or catastrophic circumstances, this feature allows access to a portion of a life insurance policy's death benefit, or payout.
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Accelerated benefitsDefinition In some life insurance policies, benefits available before death, in such events as long-term, catastrophic or terminal illness. This benefit first became available when companies offering [..]
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Accelerated benefitsAccelerated benefits refer to the benefits available in some life insurance policies that allow the policy holder to receive before their death the amount stated on an insurance policy, which in norma [..]
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Accelerated benefitsPrepayment of a specified percentage of life insurance death benefits prior to death to cover the cost of treatment for life threatening disease or confinement to a nursing home. Generally used in case of a terminal illness. Also know as living benefits.
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