Sentence examples for accelerated death benefit from inspiring English sources

With the help of Fiedler, he got a settlement on one policy he owned and an accelerated death benefit on a second, netting him more than $250,000, which he used to buy cameras and jewelry and to travel the world.

First, many policies have an accelerated death benefit clause that can give you access to a reduced and early payment of the death benefit in certain situations.

For terminally ill policyholders, an accelerated death benefit enables them to receive cash advances against the death benefit.

Some life insurance policies will allow for an accelerated death benefit or a home healthcare rider to pay for eldercare with the disbursed sum to be deducted from the eventual payout.

For example, an accelerated death benefit rider is an agreement with the insurance company to pay the insured if they have been diagnosed with certain illnesses to cover healthcare costs, while the insured is still alive.

It does offer something called a LifeAccess Accelerated Death Benefit Rider, which allows people with certain life insurance policies to use the benefit early to pay for care and other costs under certain circumstances.

Section 6J (relating to monthly reports on accelerated death benefits).

Many states have banned accelerated death benefits on the theory that it is confusing to consumers to mix life insurance and health benefits.

New York insurance laws now forbid accelerated death benefits, although the state insurace department said Governor Mario M. Cuomo wants to change that.

Accelerated death benefits may also pose a tax problem: while insurance benefits paid at death are tax-free, the Internal Revenue Service has not yet ruled whether accelerated benefits get the same treatment.

In Connecticut, accelerated death benefits are allowed only for long-term nursing care, and because the Prudential plan covers both terminal illness and nursing home stays, it would not be allowed there, either.