TERM OF THE DAY acceleration life insurance Type of policy which pays a portion (typically 25 percent) of the death benefits(face amount of the policy less any outstanding loans, fees, etc.) in case of a specified illness or medical emergency. Learn more about this term Usage Example Acceleration life insurance is a viable option for individuals who don't want to spend a lot of money on a life insurance policy, but still want partial coverage if a death or medical emergency were to occur.

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