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Advance Death Benefit

Definition of the noun advance death benefit

What does advance death benefit mean as a name of something?


  1. a percentage of death benefits paid directly to policy holders having a short life expectancy (usually 6 months)
    • lexical domain: Possessions - nouns denoting possession and transfer of possession
    • more generic term: death benefit = insurance or pension money payable to a beneficiary of a deceased
    • more specific term: viatical settlement = cash derived from sale of an insurance policy by a terminally ill policy holder

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