Financial and business terms. 2012.
Accelerated Death Benefit - ADB — A benefit that can be attached to a life insurance policy that enables the policy holder to receive cash advances against the death benefit in the case of being diagnosed with a terminal illness. Many individuals who choose the accelerated death… … Investment dictionary
benefit — See security proceeds Euroclear Clearing and Settlement glossary * * * ▪ I. benefit ben‧e‧fit 1 [ˈbenfɪt] noun 1. [countable] a good effect or advantage that something has, for example a product or service: • We will focus our marketing message… … Financial and business terms
Accelerated Option — This term refers to an option in an insurance contract, usually in the form of a rider, that allows for accelerated benefits or partial benefits sooner than they would otherwise be payable. Alternatively, in life insurance contracts, an… … Investment dictionary
Accelerated Benefits — A clause in certain life insurance policies that enables the policy holder to receive the benefits before death. Accelerated benefits are normally reserved for those that suffer from a terminal illness, have a long term high cost illness, require … Investment dictionary
Housing Benefit — is a means tested social security benefit in the UK that is intended to help meet Housing costs for rented accommodation. The primary legislation governing Housing Benefit is the Social Security Contributions and Benefits Act 1992.[1]… … Wikipedia
Deployment cost–benefit selection in physiology — concerns the costs and benefits of physiological process that can be deployed and selected in regard to whether they will increase or not an animal’s survival and biological fitness. Variably deployable physiological processes relate mostly to… … Wikipedia
Terminal Illness Insurance — (known as Accelerated Death benefit in North America) pays out a capital sum if the policyholder is diagnosed with a terminal illness from which the policyholder is expected to die within 12 months of diagnosis, by a physician who specialises in… … Wikipedia
Acceleration Life Insurance — A type of policy that pays a portion (typically 25% or 50%) of the death benefits (the face amount of the policy, less any outstanding loans or fees) in case of a specified illness or medical emergency. The accelerated death benefit provides… … Investment dictionary
Rider — A provision of an insurance policy that is purchased separately from the basic policy and that provides additional benefits at additional cost. Standard policies usually leave little room for modification or customization, beyond choosing… … Investment dictionary
Social Security (United States) — This article is about the retirement/disability program. For the general concept of providing welfare, see Social security. For other uses, see Social Security (disambiguation) … Wikipedia
