Accelerated benefits are life insurance policy proceeds paid to the terminally ill policyholder before he or she dies.

Name: Accelerated benefits are life insurance policy proceeds paid to the terminally ill policyholder before he or she dies.
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Quizplus · Accepted Answer

Accelerated benefits, also known as living benefits, are indeed proceeds from a life insurance policy that are paid out to the policyholder before death, typically in the case of a terminal illness or severe condition that significantly shortens life expectancy.

Accelerated Benefits Are Life Insurance Policy Proceeds Paid to the Terminally