ADVANCE DEATH BENEFIT

Pronunciation (US):

(GB):

IPA (US):

 Dictionary entry overview: What does advance death benefit mean? 

• ADVANCE DEATH BENEFIT (noun)
  The noun ADVANCE DEATH BENEFIT has 1 sense:

1. a percentage of death benefits paid directly to policy holders having a short life expectancy (usually 6 months)

  Familiarity information: ADVANCE DEATH BENEFIT used as a noun is very rare.

 Dictionary entry details 

• ADVANCE DEATH BENEFIT (noun)

Sense 1

Meaning:

A percentage of death benefits paid directly to policy holders having a short life expectancy (usually 6 months)

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("advance death benefit" is a kind of...):

death benefit (insurance or pension money payable to a beneficiary of a deceased)

Hyponyms (each of the following is a kind of "advance death benefit"):

viatical settlement (cash derived from sale of an insurance policy by a terminally ill policy holder)