Since the acceleration amount is being paid prior to actual time of death, a discount factor is applied, based on our assumption of future mortality for the qualifying condition. (phoenix.nsre.com)
Chronic Illness claims due to a temporary condition have no change in future mortality, and the discount factor and future premium reduction described may be greater than the acceleration amount elected. (phoenix.nsre.com)
The probability of a future payment is based on assumptions about the person's future mortality which is typically estimated using a life table. (en.wikipedia.org)