advance death benefit

/ədˌvæns dɛθ ˌbɛnəfɪt/
IPA guide

Definitions of advance death benefit
  1. noun
    a percentage of death benefits paid directly to policy holders having a short life expectancy (usually 6 months)
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    types:
    viatical settlement
    cash derived from sale of an insurance policy by a terminally ill policy holder
    type of:
    death benefit
    insurance or pension money payable to a beneficiary of a deceased
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