TERMIUM Plus®

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ACCELERATED BENEFIT [1 record]

Record 1 2012-12-03

English

Subject field(s)
  • Life Insurance
  • Annuities (Insurance)
DEF

A clause in certain life insurance policies that enables the policy holder to receive the benefits before death.

CONT

Accelerated benefits are normally reserved for those that suffer from a terminal illness, have a long term high-cost illness, require permanent nursing home confinement or have a medically incapacitating condition.

OBS

accelerated benefit: term usually used in the plural.

Key term(s)
  • accelerated benefits

French

Domaine(s)
  • Assurance sur la vie
  • Rentes (Assurances)
CONT

Pour des prestations accélérées en assurance maladie grave,

Key term(s)
  • prestations accélérées

Spanish

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