ADVANCE DEATH BENEFIT

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

A percentage of death benefits paid directly to policy holders having a short life expectancy (usually 6 months)

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("advance death benefit" is a kind of...):

death benefit (insurance or pension money payable to a beneficiary of a deceased)

Hyponyms (each of the following is a kind of "advance death benefit"):

viatical settlement (cash derived from sale of an insurance policy by a terminally ill policy holder)

Credits