meaning of accelerated benefits

accelerated benefits meaning in Law Dictionary

clause in term life insurance guidelines which allows all of them for their particular funds before demise. This will be only done in extreme cases of severe injury. Its called living advantages.

accelerated benefits meaning in Business Dictionary

Provision in certain term life insurance guidelines that allows the insurance policy owner to receive (simply or in complete) the face level of the insurance policy before demise, eg in case there is serious disease or injury calling for long-lasting attention. Also referred to as living benefits.