Spaver Moms

Accelerated Death Benefit: A policy stipulation or rider that lets you gather a part of the death benefit prior to your death. If you have an incurable illness the policy will advance you a particular portion of your death benefit to compensate medical bills or other expenditures. The quantity is subtracted from the death benefit your beneficiary is the recipient of. Some policies also authorize you to utilize the death ...Life Insurance Terms: "A" - "C"