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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
 
^
38% - Moderately

Accelerated Death Benefit


Acronyms &
abbreviations:
ADB
Notes:More commonly referred to as a Accelerated Death Benefit Rider (ADBR).
Tags: insurance, life insurance
 

Definition of accelerated death benefit (ADB)

accelerated death benefit (ADB)
1. An option found in some insurance policies that allows the policyholder to request to receive benefits before they would normally be available. An accelerated benefit option can be used by terminally ill patients to receive a portion of the benefits from their life insurance policy in advance of their death.

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