A benefit included in a life insurance policy or added to a life insurance policy through a policy rider that gives the policyowner the right to receive a portion-usually between 50 and 80 percent-of the policy's death benefit during the insured's lifetime when the insured is terminally ill as defined in the policy. Also known as terminal illness (TI) benefit.

A rider available on some life insurance policies that typically pays some or all of the policy's death benefit before the insured dies. The insured must be diagnosed as terminally or chronically ill -- and the amount of the benefit depends on estimated life expectancy. It is a possible method to get cash from a policy without selling it to a third party. This feature is not available on all policies and if it is available, there may be a processing fee for policyholder's electing this option.

Benefit included on basic and supplemental group life insurance policies with a standard waiver of premium provision. Benefit issued on the date proof is received the insured is terminally ill with less than 12 months to live.

Allows terminally ill insureds to access a portion of a life insurance benefit before death.

A benefit that allows a policy holder who is terminally ill to receive all or a part of their death benefit prior to the insured's death. This is usually offered to help with long term care expenses or medical bills. Frequently, you will pay extra for this feature because it is offered as a rider on a life insurance policy. To receive this benefite, the insured must meet certain circumstances set forth in the life insurance policy, such as, life expectancy of less than a year.

Coverage that allows the insured to receive a specified portion of the death benefit due to specified life-threatening or catastrophic conditions if certain conditions are met (also known as Living Benefit)

A life insurance provision/rider that allows the insured to receive a percentage of the policy's/certificate's face amount before the insured's death - usually triggered by long-term, catastrophic or terminal illness.

An accelerated death benefit provides for the payment of a portion of your life insurance proceed if you become terminally ill. To be eligible to receive the benefit, you must be diagnosed as being terminally ill with a life expectancy of 12 months or less. The maximum benefit is usually 75 percent of the member's existing life insurance. An accelerated death benefit does not usually apply to term life insurance.

A death benefit paid to the policyholder prior to death under clearly defined health-related circumstances.

This benefit is included with many people policies today, 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 company many have different requirements.

This feature in some life insurance policies allows you to receive a portion of your death benefit while you're still alive if you become terminally ill. The purpose is to help you pay medical and other expenses.

A life insurance policy that provides proceeds to insured individuals over their lifetime, in the event of a terminal illness. This is in place of a traditional policy that pays beneficiaries after the insured's death. Such benefits kick in if the insured becomes terminally ill, needs extreme medical intervention, or must reside in a nursing home. The payments made are deducted from any death benefits paid to beneficiaries.

A rider that provides early access to life insurance benefits in case of a terminal illness. “Living benefits” are paid to the insured for medical expenses before death. Benefits paid decrease the benefit payable to beneficiaries after the insured's death

Allows the policyholder to receive all or part of the policy's proceeds prior to death under certain circumstances, including a life expectancy of 12 months or less.

With many life insurance policies, if you become terminally ill, you can be eligible to receive a portion of your death benefit while still living to help meet medical and other expenses provided you meet certain criteria.

Benefits available with some life insurance policies that offer early payout (before death) in situations such as long-term, catastrophic or terminal illness.

A life insurance policy benefit that lets the insured person use some of the policy's death benefit prior to death for purposes such as long-term care.

A feature of a life insurance policy that pays some or all of the policy's death benefit before the insured dies if the insured is diagnosed with a terminal condition as defined in their policy. It may provide a way to get cash from a policy without selling it to a third party. Broker: A person who, on behalf of an owner and for a fee, commission or other valuable consideration, offers or attempts to negotiate sales contracts, between an owner and one or more providers, the subject of which is a life settlement. A broker represents only the owner and has a fiduciary duty to the owner to act according to the owner's instructions, notwithstanding the manner in which the broker is compensated.

A feature of a life insurance policy that lets you use some of the policy's death benefit prior to death.

This option provides accelerated death benefits for the terminally ill who have been diagnosed by a licensed physician to have 12 months or less to live.

A life insurance policy feature that lets you apply for some of the policy's death benefit prior to death.

A benefit that allows a terminally ill insured to receive part of the face amount of their life insurance policy in advance of their death, as either in one lump sum or in installments.