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22 May Accidental Death Benefit

A policy provision popularly known as “double indemnity.” An accidental death benefit provides payment of an additional amount–usually equal to the face value of the policy–if the insured is killed in an accident....

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22 May Accelerated Death Benefits

This life insurance provision pays all or part of a policy’s death benefits while the policyholder’s still alive. Conditions include:  Proof the policyholder’s is terminally ill, with a life expectancy of <12 months  The policyholder has a specified life-threatening disease  The policy holder is...

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