accelerated critical illness
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(insurance) Insurance that pays out a lump sum benefit on either the death or diagnosis of a serious (life-threatening) illness in the life assured within the term of the policy, and nothing on healthy survival to the end of the term.
accelerated critical illness
The insurer offers an accelerated critical illness policy that pays a lump-sum benefit upon death or the diagnosis of a life-threatening condition during the policy term, but nothing if the insured remains healthy until the end of the term.
The insurer offers an accelerated critical illness policy that pays a lump-sum benefit upon death or the diagnosis of a life-threatening condition during the policy term, but nothing if the insured remains healthy until the end of the term.
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