accelerated critical illness

noun

Insurance that pays out a lump sum benefit on either the death or diagnosis of a serious (life-threatening) illness in the life assured within the term of the policy, and nothing on healthy survival to the end of the term.

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Meanings

nounaccelerated critical illness (uncountable)
  1. uncountablebusinessInsurance that pays out a lump sum benefit on either the death or diagnosis of a serious (life-threatening) illness in the life assured within the term of the policy, and nothing on healthy survival to the end of the term.

Origin

On the assumption that any illness covered by the critical illness portion of the insurance is potentially terminal, this is equivalent to a term assurance contract whose benefit payment is brought forward (accelerated) to the point of diagnosis of terminal illness, rather than waiting for actual death.

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Cite this entry
APA

accelerated critical illness. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/accelerated%20critical%20illness

MLA

“accelerated critical illness.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/accelerated%20critical%20illness. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “accelerated critical illness,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/accelerated%20critical%20illness.

Source: accelerated critical illness on Wiktionary, CC BY-SA 4.0.