Accelerative Endowment

An accelerative endowment is a type of life insurance policy that combines elements of term insurance and endowment policies. It provides a lump sum payment either at the end of the policy term or upon the insured’s death, whichever comes first. In the U.S., these policies may also allow early payouts under certain conditions, like terminal illness diagnoses, reflecting a growing trend towards policies that offer more flexible and immediate financial benefits in the face of serious health issues.