Accelerated death benefit definition

Accelerated death benefit means the advance payment of some or all of the death proceeds payable under a certificate:
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Accelerated death benefit means the advance payment of some or all of the death proceeds payable under a life insurance policy:
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Accelerated death benefit means the amount of advanced Death Benefit payment under Clause D.4;
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More Definitions of Accelerated death benefit

Accelerated death benefit or “ADB” means a benefit that will allow the employee to receive an advance on the amount of his death benefit once he has been diagnosed as terminally ill. [A person is terminally ill if the person:
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Accelerated death benefit as used in this chapter, means a benefit that is added to a life insurance policy to provide for the advance payment of any part of the death proceeds payable upon the occurrence of a qualifying event.
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Related to Accelerated death benefit

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Termination Benefit means the benefit set forth in Article 7.

  • Accrued Benefit have the meanings specified in ERISA.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.