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With that accomplished, inquiry focuses more on the tax treatment of the accelerated death benefit to the insured, still an open question.
Also, with boomer women--especially older ones--who are working into what's considered retirement age, combination life insurance products where you have life insurance plus some long-term care or accelerated death benefit as a rider would probably be very appealing.
Accelerated death benefit rider: Pays a portion of the death benefit to the insured upon diagnosis of a terminal illness that will significantly shorten life expectancy.
Barebones policies with an accelerated death benefit rider that allows the policyholder to access cash value to cover the cost of long term care;
Life Access offers an accelerated death benefit if the policyholder becomes chronically ill.
An accelerated death benefit (ADB) is a portion of a life insurance death benefit that is paid to the insured after he has been diagnosed
Some examples: an accelerated death benefit (ACD) life insurance policy that provides cash advances against all or part of the death benefit that can be used for long-term care expenses.
Accelerated death benefit riders, also called living benefit or advanced death benefit riders, are a relatively recent innovation with many variations.
Answer--An accelerated death benefit is a provision found in many permanent life insurance policies.
Question--What is an accelerated death benefit or a viatical settlement?
This is done through front-end spending of a permanent insurance policy that is called the Accelerated Death Benefit (ADB), or Life Benefit.
The federal income tax treatment of these accelerated death benefit payments or Viatical settlements is an issue for the insured or his or her personal representative, who is responsible for filing the decedents final income tax return.

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