Accelerated benefit riders allow policyholders to access death benefits in their life insurance policy while they are alive, under certain conditions.
ADT (redirected fromAccelerated Degradation Testing) AcronymDefinition ADTAndrogen Deprivation Therapy(cancer treatment) ADTAdult(airline passenger type) ADTAbstract Data Type(OOP class) ADTArchitectural Desktop(Autodesk) ADTAndroid Development Tools(software) ...
Before delving into the details of an accelerated death benefit, it’s important to have a solid understanding of life insurance policies in general. Life insurance can be thought of as a contract between an individual (the policyholder) and an insurance company, where the insurer...
4. If the client accepts the offer, they receive the determined amount as a lump sum within two weeks. If the entire death benefit is accelerated, the remaining face is $0, and the policy terminates. If a portion of the death benefit remains, the client’s premium will reflect the new ...