HyperDic: advance_death_benefit

English > 1 sense of the expression *advance death benefit*:
NOUN	possession	advance death benefit	a percentage of death benefits paid directly to policy holders having a short life expectancy (usually 6 months)

English > *advance death benefit*: 1 sense > noun 1, possession
Meaning	A percentage of death benefits paid directly to policy holders having a short life expectancy (usually 6 months).
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