Online Insurance Marketplace (http://www.onlineinsurancemarketplace.com), announces a new blog, “What is an accelerated death benefit?”

An accelerated death benefit ensures that the owner of a life policy will receive a cash advance against the policy death benefit. This is really helpful for those suffering from a terminal disease and are expecting to live a year or less.

This policy can also help the owner with its daily living expenses, when the policyholder is either confined to a nursing care facility or it is unable to perform daily activities. This benefit will provide funds for nursing and assisting the owner.

This advantage can be added in the terms of the contract or as a rider to an already existing policy; it all depends on the insurer. Also, the life expectancy for which ADB is available varies between 12 months to 24 months.

Online Insurance Marketplace is an online provider of life, home, health, and auto insurance quotes. It is unique in that this website does not simply stick to one kind of insurance carrier, but brings the clients the best deals from many different online insurance carriers. This way, clients have offers from multiple carriers all in one place, this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.