Accelerated Death Benefit

Andrew Armstrong | | 27 Apr, 2015 | Comments Off on Accelerated Death Benefit

This benefit is sometimes included in the primary policy and sometimes is contained in a separate rider. It provides for a portion of the death benefits to be collected in the event of specific medical conditions or terminal illnesses that require large medical expenses or confinement to a nursing home. Upon the death of the primary policy holder, the remaining balance (less any amounts paid through accelerated death benefit) are paid out to the beneficiary.

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