Terminal illness advance
An option to receive the life sum insured early on terminal diagnosis (typically <12 months prognosis).
Definition
Most NZ life policies include or offer a terminal illness benefit that advances the death benefit when two doctors certify life expectancy is below a defined threshold (usually 12 months). Practical use: end-of-life family time, paying down debts before death, funding medical care.
Related condition matrix
Not personalised financial advice. Definitions are editorial framings of how the term is used across NZ life cover. Your specific policy wording is the authoritative source.