Definitions
There is 1 meaning of the phrase
Advance Death Benefit.
Advance Death Benefit - as a noun
A percentage of death benefits paid directly to policy holders having a short life expectancy (usually 6 months)
Hypernyms (Closely Related)
death benefitHyponyms (Broadly Related)
Example Sentences
"She had an advance death benefit policy that also covered terminal illness expenses."
"The company offered advance death benefit options for both term and whole life insurance policies."
"He purchased a life insurance policy with an advance death benefit rider."
"The beneficiary received an advance death benefit payout to cover immediate expenses."
"The insurance agent explained the features and benefits of an advance death benefit provision."
