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Accelerated Death Benefit allows the insured to collect part of their death benefits before they die. Generally a percentage of the policy’s face amount, discounted for interest, is can paid to the insured prior to death. This is paid only under specified circumstances. Such benefits kick in if the insured becomes terminally ill, needs extreme medical intervention, or must reside in a nursing home. The payments made while the insured is living are deducted from any death benefits paid to beneficiaries.