Question Details

	Username: ForexGuy Rating: Asked to: Jun Wang Date Created: 29 Nov 2017
Category	28
Tag	Financial
Question	Please give the definition of 'Accelerated Option'.

Advice from Guru

Hello ForexGuy,

This term refers to an option in an insurance contract, usually in the form of a rider, that allows for accelerated benefits or partial benefits sooner than they would otherwise be payable. Alternatively, in life insurance contracts, an accelerated option can refer to the option that allows the policy holder to apply the accumulated cash value to pay off the policy.

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