Business, Legal & Accounting Glossary
A policy that allows the insured to receive 25 percent of the death benefit before death. This is done in the case of certain medical conditions. The benefit is used on medical costs that will extend the insured’s life. Any benefit that remains is paid out in the traditional manner, to the beneficiary, upon death.
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This glossary post was last updated: 20th November, 2021 | 0 Views.