advance death benefit

7.0

A part of life insurance paid early to a person likely to die soon

noun

Specialized

: pago anticipado por fallecimiento

The advance death benefit allowed him to cover the cost of hospice care without waiting for the full payout.

Examples

Some insurance companies offer an advance death benefit to help with medical expenses during a policyholder's final months.
Her policy included an advance death benefit that provided financial support after she was diagnosed with a terminal illness.
She applied for an advance death benefit to cover her medical expenses.
Many people are unaware of the advance death benefit option in their policies.
Her policy included an advance death benefit that provided financial support after she was diagnosed with a terminal illness.
Some insurance companies offer an advance death benefit to help with medical expenses during a policyholder's final months.
The advance death benefit allowed him to cover the cost of hospice care without waiting for the full payout.

Antonyms

deferred payment

1 4.3

An arrangement to give money for something later instead of now

Surface Forms

advance death benefit singular

advance death benefits plural

Morphology

advance + death + benefit

The phrase is compositionally built from 'advance' (a payment made early) and 'death benefit' (the insurance payment on death), so a learner who knows the parts can infer it denotes an early payment of the death benefit. Insurance-specific eligibility details (e.g., terminal illness timeframe) are technical but do not prevent a basic, predictable understanding of the MWE.

Etymology

Advance death benefit comes from the idea that part of a life insurance payment, the death benefit, is given in advance to someone who is very sick and expected to die soon. That's why it means a payment made 'before death' to help with costs in the person's final months.