Accelerated Death Benefit
Insurance Glossary
A life insurance provision that pays part of the death benefit to the insured while they are still living, on proof of a qualifying condition such as a terminal illness. Qualifying conditions vary by policy and commonly include a life expectancy below a stated number of months, a listed critical illness, or confinement to a nursing home. Whatever is drawn early reduces what beneficiaries receive later, and a payment can affect eligibility for income-based government programs or carry tax consequences depending on the circumstances.
This content is for general informational purposes only and is not insurance, legal, or financial advice. Coverage, exclusions, eligibility, and pricing vary by insurer, by policy, and by state, and only the policy documents control what is covered. Always confirm the details of any coverage with a licensed insurance agent or the issuing carrier before you buy.
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