advance death benefit (Meaning)
advance death benefit (n)
a percentage of death benefits paid directly to policy holders having a short life expectancy (usually 6 months)
Synonyms & Antonyms of advance death benefit
No Synonyms and anytonyms found
advance death benefit Sentence Examples
- Many life insurance policies offer an advance death benefit to help policyholders during times of financial hardship.
- The advance death benefit provides a portion of the life insurance proceeds to the policyholder before their passing.
- Policyholders facing terminal illnesses may choose to access the advance death benefit to cover medical expenses and end-of-life costs.
- The insurance company explained the eligibility criteria for the advance death benefit, which often includes a terminal illness diagnosis.
- Families appreciate the peace of mind that comes with the availability of an advance death benefit, knowing they can handle immediate financial needs.
- John decided to take advantage of the advance death benefit to secure funds for his medical treatment as he battled a terminal illness.
- The insurance policy's rider outlined the specific conditions under which the advance death benefit could be activated.
- The advance death benefit serves as a valuable resource for individuals who want to make arrangements or fulfill wishes before passing away.
- Policyholders should carefully review the terms and conditions of the advance death benefit to understand the implications for their coverage.
- In times of distress, the availability of an advance death benefit can provide much-needed financial support for families dealing with a terminal illness.
FAQs About the word advance death benefit
a percentage of death benefits paid directly to policy holders having a short life expectancy (usually 6 months)
No synonyms found.
No antonyms found.
Many life insurance policies offer an advance death benefit to help policyholders during times of financial hardship.
The advance death benefit provides a portion of the life insurance proceeds to the policyholder before their passing.
Policyholders facing terminal illnesses may choose to access the advance death benefit to cover medical expenses and end-of-life costs.
The insurance company explained the eligibility criteria for the advance death benefit, which often includes a terminal illness diagnosis.
