living benefits
Living benefits are an option under some life insurance policies by which the insurer provides discounted policy proceeds (face amount, cash value, and dividends, if any) to a terminally ill insured.
living benefits
Living benefits are an option under some life insurance policies by which the insurer provides discounted policy proceeds (face amount, cash value, and dividends, if any) to a terminally ill insured.
Additional Information
This permits the insured to meet extraordinary living, medical, or hospice expenses.
Synonyms
accelerated death benefits
