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Accelerated Death Benefit (ADB)

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. Many individuals who choose the accelerated death benefit have less than one year to live and use the money for treatments and other costs needed to stay alive.

Explaining 'Accelerated Death Benefit - ADB'

Choosing an insurance policy with an accelerated death benefit allows the policy holder to pay for their daily living in an effort to make it the most comfortable while also allowing the holder to look after his or her family once they pass away. This type of benefit was originally started in the late 1980s in an attempt to alleviate the financial pressures of those that were diagnosed with AIDS.

Some policies might have this option available even though it's not mentioned in the contract.


Further Reading


The other crisis: the economics and financing of maternal, newborn and child health in Asia
academic.oup.com [PDF]
… with a life expectancy of twelve months or less is the usual “trigger” for the ADB whereas even … Increased competition from accelerated death benefits and the momen- tum for increased regulatory oversight are just two of the … More life insurers offer accelerated death benefit …

Why does population aging matter so much for Asia? Population aging, economic growth, and economic security in AsiaWhy does population aging matter so much for Asia? Population aging, economic growth, and economic security in Asia
papers.ssrn.com [PDF]
… with a life expectancy of twelve months or less is the usual “trigger” for the ADB whereas even … Increased competition from accelerated death benefits and the momen- tum for increased regulatory oversight are just two of the … More life insurers offer accelerated death benefit …

Urban transport trends and policies in China and India: impacts of rapid economic growthUrban transport trends and policies in China and India: impacts of rapid economic growth
www.tandfonline.com [PDF]
… with a life expectancy of twelve months or less is the usual “trigger” for the ADB whereas even … Increased competition from accelerated death benefits and the momen- tum for increased regulatory oversight are just two of the … More life insurers offer accelerated death benefit …

The role of the global economy in financing old age: the case of SingaporeThe role of the global economy in financing old age: the case of Singapore
think-asia.org [PDF]
… with a life expectancy of twelve months or less is the usual “trigger” for the ADB whereas even … Increased competition from accelerated death benefits and the momen- tum for increased regulatory oversight are just two of the … More life insurers offer accelerated death benefit …

Globalization, the Financial Crisis and Petty Commodity Production in India's Socially Regulated Informal EconomyGlobalization, the Financial Crisis and Petty Commodity Production in India's Socially Regulated Informal Economy
link.springer.com [PDF]
… with a life expectancy of twelve months or less is the usual “trigger” for the ADB whereas even … Increased competition from accelerated death benefits and the momen- tum for increased regulatory oversight are just two of the … More life insurers offer accelerated death benefit …

The benefits of a secondary market for life insurance policiesThe benefits of a secondary market for life insurance policies
www.jstor.org [PDF]
… with a life expectancy of twelve months or less is the usual “trigger” for the ADB whereas even … Increased competition from accelerated death benefits and the momen- tum for increased regulatory oversight are just two of the … More life insurers offer accelerated death benefit …


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