Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Life Insurance Glossary & Terms and other Life Insurance topics.

Accelerated Benefits

Certain companies provide living benefits also known as accelerated benefits. The rider provides under certain circumstances that you can receive the proceeds of the policy even before you die. Circumstances include catastrophic or terminal illness, requiring long-term care, or being confined to a nursing home.

Comments

Nobody has commented on this tip yet. Be the first.

Ask a Question

Not finding the advice and tips you need on this Life Insurance Tip Site? Request a Tip Now!

Guru Spotlight

Phyllis Serbes

Ever wonder how you could make your life better and more fun? So have tens of millions of fans who have turned to LifeTips for answers over the past decade. We keep the tips, advice, books, podcasts and writing services flowing, so you can keep your life and business growing in the right direction. Upward!