What is the meaning of "accelerated death benefit"?

The term "accelerated death benefit" refers specifically to a provision in a life insurance policy that allows the policyholder to receive a portion of the death benefit while still alive, typically under certain conditions such as being diagnosed with a terminal illness or facing significant medical expenses. This feature provides financial assistance during challenging times, allowing the insured to use the funds for medical care, hospice expenses, or to settle debts, thereby alleviating some of the financial burdens that may arise from serious health conditions.

This option highlights the crucial aspect of the benefit being available before death, which distinguishes it from other types of benefits or conditions that might be associated with insurance policies.