Accelerated Death Benefit

A life insurance policy feature that allows the policyholder to access a portion of the death benefit while still alive, typically in cases of terminal illness or chronic conditions.

The amount paid to beneficiaries upon the death of the insured under a life insurance policy.

The person or entity designated to receive the benefits or proceeds from an insurance policy.

Life insurance coverage for a specified period of time, providing a death benefit if the insured dies during the term.

Permanent life insurance that provides coverage for the insured's entire lifetime and includes a cash value component.

A financial product that provides regular payments to an individual, typically used for retirement income.