Common use of Accelerated Death Benefit Clause in Contracts

Accelerated Death Benefit. A living benefit option is available for the benefit of a terminally ill Staff Employee, in accordance with insurance contract provisions. Such benefit cannot exceed the lesser of $67,500 or 50% of life insurance in force.

Accelerated Death Benefit. A living benefit option is available for the benefit of a terminally ill Staff Employee, in accordance with insurance contract provisions. Such benefit cannot exceed the lesser of $67,500 or 50% of life insurance insur- ance in force.