advance death benefit


Also found in: Thesaurus.
Related to advance death benefit: Accelerated death benefit, Accidental Death Benefit
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.advance death benefit - a percentage of death benefits paid directly to policy holders having a short life expectancy (usually 6 months)advance death benefit - a percentage of death benefits paid directly to policy holders having a short life expectancy (usually 6 months)
death benefit - insurance or pension money payable to a beneficiary of a deceased
viatical settlement - cash derived from sale of an insurance policy by a terminally ill policy holder
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