Meaning Accelerated death benefit
What does Accelerated death benefit mean? Here you find 10 meanings of the word Accelerated death benefit. You can also add a definition of Accelerated death benefit yourself
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Accelerated death benefitIf your life insurance policy has an accelerated death benefit (ADB), you may qualify to use a portion of the death benefit to pay for certain healthcare expenses, such as the costs of a terminal illness or long-term care, while you’re still alive.Using the ADB, you take cash advances from the policy, reducing the death benefit by up to a fixed per [..]
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Accelerated death benefitis a portion of a life insurance policy that allows policyholders to receive their death benefits before they actually die.
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Accelerated death benefitAccelerated Death Benefit allows the insured to collect part of their death benefits before they die. Generally a percentage of the policy’s face amount, discounted for interest, is can paid to the in [..]
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Accelerated death benefitThis can help people who have a fatal illness. The member or spouse can get some life insurance benefits as an early payment.
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Accelerated death benefitA group life insurance feature that lets a member or spouse who is diagnosed with a terminal illness or life-limiting medical condition get a percentage of the life benefits as an early payment.
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Accelerated death benefitAccelerated Death Benefit Rider (ADB) — A benefit that can be attached to a life insurance policy that enables the policy holder to receive cash advances against the death benefit in the case of being diagnosed with a terminal illness. Many individuals who choose the accelerated death benefit have less than one year to live and use the money for tr [..]
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Accelerated death benefitA life insurance policy feature that lets you use some of the policy's death benefit prior to death.
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Accelerated death benefitThis benefit is included with many policies today. It provides for the payment of a portion of the death benefit prior to the insured's death should the insured be diagnosed as terminally ill. The specific requirements vary by company.
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Accelerated death benefitThis benefit is included with many policies today. It provides for the payment of a portion of the death benefit prior to the insured’s death should the insured be diagnosed as terminally ill. The spe [..]
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Accelerated death benefitDeath benefits paid to a policy owner using strict guidelines dictated by an insurance carrier as an advance, usually restricted to those with less than 12 months left to live
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