Level Death Benefit A life insurance payout that is the same whether the insured ... Acceleration Life Insurance A type of policy that pays a portion (typically 25\% or 50\%) ... Death Benefit The amount on a life insurance policy or pension that is payable ...
http://www.investopedia.com/terms/a/accelerated-benefits.asp
RELATED TERMS. 1  Level Death Benefit A life insurance payout that is the same whether the insured 2  ... Acceleration Life Insurance A type of policy that pays a portion (typically 25\% or 50\%) ... 3  Death Benefit The amount on a life insurance policy or pension that is payable ...
http://www.investopedia.com/terms/a/accelerated-benefits.asp
Accelerated death benefits paid to any taxpayer other than the insured if the taxpayer has an insurable interest in the life of the insured because the insured is a director, officer, or employee of the taxpayer or if the insured is financially interested in any trade or business of the taxpayer are received on a tax-free basis.
http://www.thinkadvisor.com/2014/03/21/taxes-and-life-insurance-accelerated-death-benefit
Variable Death Benefit The amount paid to a decedent's beneficiary that is dependent ... Voluntary Life Insurance A financial protection plan that provides a beneficiary with ... Accelerated Option This term refers to an option in an insurance contract, usually ...
http://www.investopedia.com/terms/a/accelerated-benefits.asp
What is the income tax treatment of an accelerated death benefit payment from a life insurance contract? Generally, any amount received under a life insurance contract on the life of a terminally ill insured or a chronically ill insured will be treated as an amount paid by reason of the death of the insured.
http://www.thinkadvisor.com/2014/03/21/taxes-and-life-insurance-accelerated-death-benefit
Cash In Proceeds Before Death. What is an accelerated death benefit? If you should become seriously ill you may accumulate some very large medical expenses. Some life insurance companies have made it possible to collect an accelerated death benefit during your lifetime if such a condition should arise. What these companies are doing is allowing the insured to collect part of their death benefits before they die.
http://www.lifeinsurancehub.net/accelerateddeathbenefit.html
Some insurance companies offer the benefit as part of a policy, with the additional charge built into the death benefit cost. Others make the benefit a rider, also for an additional charge. Accelerated payments made to the beneficiary can be made in monthly installments or in a lump sum, depending on the company.
http://www.lifeinsurancehub.net/accelerateddeathbenefit.html
If any portion of a death benefit under a life insurance contract on the life of a terminally or chronically ill insured is sold or assigned to a viatical settlement provider, the amount paid for the sale or assignment will be treated as an amount paid under the life insurance contract by reason of the insured’s death.
http://www.thinkadvisor.com/2014/03/21/taxes-and-life-insurance-accelerated-death-benefit
Accelerated Death Benefit - ADB. Share. What is an 'Accelerated Death Benefit - ADB'. An accelerated death benefit (ADB) is a benefit that can be attached to a life insurance policy that enables the policy holder to receive cash advances against the death benefit in the case of being diagnosed with a terminal illness.
http://www.investopedia.com/terms/a/accelerated_death_benefit.asp
The Accelerated Death Benefit (ADB) is a provision in most. life insurance policies that allows a person to receive a portion. of their life insurance money early — to use while they are still. living. ADB is a standard in the industry and offered by most life. insurance carriers. Generally, a person can get part of the value of.
http://www.aetna.com/individuals-families-health-insurance/document-library/accelerated-death-benefit-fact-sheet.pdf
what is accelerated death benefit payment
An accelerated death benefit payment is a payment made to the beneficiary can be made in monthly installments or in a lump sum, depending on the company.