| NOUN | possession | advance death benefit | a percentage of death benefits paid directly to policy holders having a short life expectancy (usually 6 months) |
|---|
| Meaning | A percentage of death benefits paid directly to policy holders having a short life expectancy (usually 6 months). | |
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| Narrower | viatical settlement | cash derived from sale of an insurance policy by a terminally ill policy holder |
| Broader | death benefit | insurance or pension money payable to a beneficiary of a deceased |
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