A policy that allows the insured to receive 25 percent of the death benefit before death. This is done in the case of certain medical conditions. The benefit is used on medical costs that will extend the insured's life. Any benefit that remains is paid out in the traditional manner, to the beneficiary, upon death.
Related information about acceleration life insurance:
- Acceleration Life Insurance Definition | Investopedia
A type of policy that pays a portion (typically 25\% or 50\%) of the death benefits ( the face amount of the policy, less any outstanding loans or fees) in case of a ...
- Acceleration Life Insurance: Definition from Answers.com
Acceleration Life Insurance Policy under which a portion of the death benefit ( generally 25%) becomes payable to the insured for a specified medical condition .
- Acceleration Life Insurance - Financial Dictionary - The Free Dictionary
A life insurance policy that allows the policyholder to access a portion of the death benefit (usually about 25%) in the event of a catastrophic illness. The policy ...
- What is acceleration life insurance? - BusinessDictionary.com
Definition of acceleration life insurance: Type of policy which pays a portion ( typically 25 percent) of the death benefits (face amount of the policy less any ...
- What is ACCELERATION LIFE INSURANCE? - The Law Dictionary
Definition of ACCELERATION LIFE INSURANCE: A policy that pays 25 percent of death benefits in the case of a medical emergency.
- acceleration life insurance Definition | Business Dictionaries from ...
policy under which a portion of the death benefit (generally 25%) becomes payable to the insured for a specified medical condition prior to death. The purpose of ...
- What is acceleration life insurance? - InvestorWords.com
Definition of acceleration life insurance: A policy that allows the insured to receive 25 percent of the death benefit before death. This is done in the case of certain ...
- Court Sets Date for Acceleration Settlement Final Fairness Hearing ...
Apr 14, 2011 ... Parker Centenial Life Insurance Company f/k/a Acceleration Life Insurance Company, Case No. 08-2766. This class action lawsuit involves the ...