What are the proceeds called that a policy owner may obtain from a life insurance contract if they anticipate death or develop a life-threatening condition?

Accelerated benefits are the proceeds that a policy owner may obtain from a life insurance contract if they anticipate death or develop a life-threatening condition. This option is different from the other choices because - Option A is incorrect because terminal illness benefits are paid out only if the insured is diagnosed with a terminal illness and not if they anticipate death or develop a life-threatening condition. - Option C is incorrect because immediate payout refers to a lump sum payment made to the policy owner upon the death of the insured, not a payout due to terminal illness or life-threatening condition. - Option D is incorrect because death benefit advances are typically offered as a loan against the policy's death benefit and need to be repaid upon the insured's death, unlike accelerated benefits which do not need to be paid back.