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Accelerated Death Benefit - feature of a life insurance policy that lets you use some of the policy's death benefit prior to death. Long Term Care Benefit Rider -will allow the insured to use the death benefit for long-term care services. Long-term care benefits are paid after the insured has met an elimination period and then they will receive a benefit based on a percentage of death benefit. Whole Life Insurance - policies that build a cash value and cover a person as long as he or she lives if premiums continue to be paid.
Senior Care Concepts, 2008 |
