(PRWEB) August 07, 2013
An accelerated death benefit ensures that the owner of a life policy will receive a cash advance against the policy death benefit. This is really helpful for those suffering from a terminal disease and are expecting to live a year or less.
This policy can also help the owner with its daily living expenses, when the policyholder is either confined to a nursing care facility or it is unable to perform daily activities. This benefit will provide funds for nursing and assisting the owner.
This advantage can be added in the terms of the contract or as a rider to an already existing policy; it all depends on the insurer. Also, the life expectancy for which ADB is available varies between 12 months to 24 months.
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