Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
50% - Moderately

Accelerated Death Benefit Rider

Acronyms &
Tags: insurance, life insurance

Definition of accelerated death benefit rider (ADBR)

accelerated death benefit rider (ADBR)
1. An option found in some insurance policies that allows the policyholder to request to receive benefits before they would normally be available. An accelerated benefit option can be used by terminally ill patients to receive a portion of the benefits from their life insurance policy in advance of their death.

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