ÐÓ°ÉÔ­´´

I.I.I. Glossary

WRITE- To insure, underwrite, or accept an application for insurance.

ACCELERATED DEATH BENEFITS- A life insurance policy option that provides policy proceeds to insured individuals over their lifetimes, in the event of a terminal illness. This is in lieu of a traditional policy that pays beneficiaries after the insured’s death. Such benefits kick in if the insured becomes terminally ill, needs extreme medical intervention, or must reside in a nursing home. The payments made while the insured is living are deducted from any death benefits paid to beneficiaries.