Accelerated Benefits are an insurance option where policy holders may access...
In some life insurance policies, benefits available before death, in such events as long-term, catastrophic or terminal illness. also called living benefits.
Some companies provide "accelerated benefits," also known as "living benefits." This rider allows you, under certain circumstances, to receive the proceeds of your life insurance policy before you die. Such circumstances include terminal or catastrophic illness, the need for long-term care, or confinement to a nursing home. Ask your agent for information about these and other policy riders.
Prepayment 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.
Rider A life insurance rider that allows for the early payment of some portion of the policy's face amount should the insured suffer from a terminal illness or injury.
A rider on a life insurance policy that allows you to receive early payment if the insured suffers form a terminal illness or injury.
A provision in some life insurance policies that allows insureds who are terminally ill to collect part or all of their life insurance benefits before they die, primarily to pay for the care they require. When the insured dies, the remainder of the death benefit is paid to the beneficiary, just as under a traditional life insurance policy.
A rider on a life insurance policy that allows the life insurance policy's death benefits to be used to offset expenses incurred in a convalescent or nursing home facility. Accident — An unforeseen and unintended event.
An optional benefit under life insurance policies under which the insurer agrees to prepay a part of the death benefit if the insured is stricken by a catastrophic illness or is confined to a nursing home.
Benefits available , in some life insurance policies, prior to death, usually triggered by long-term, catastrophic, or terminal illness.
Allows for the policyholder to receive their benefits before death, usually in cases of terminal illness or need for long-term care.
Benefits available in some life insurance policies prior to death, which may be used to help pay the costs of long-term care or terminal illness.
Riders on life insurance contracts which allow the life insurance policy's death benefits to be used to offset expenses incurred in a convalescent or nursing home facility.
Benefits available in some life insurance policies before death, usually triggered by long-term, catastrophic or terminal illness, which advance a portion of the death benefit of the insurance policy. Also known as Living Benefits .