ACCELERATED DEATH BENEFIT - ADB
This is a kind of benefit that can be included to life insurance policy by insurance companies that gives the policyholder a benefit to receive cash advances from his/her death benefits if the policyholder has been diagnosed with any terminal illness. Many policyholders that used accelerated death benefit have only less than a year to survive and they used the money in the cost of their treatments to stay alive.
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Original Cost
It simply refers to the total cost associated in buying an asset.
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