What does Allocated Benefits mean? Read on to discover the definition & meaning of the term Allocated Benefits - to help you better understand the language used in insurance policies.
Allocated benefits are payments to policyholders after the premiums have been already paid. They are meant for specific purposes, like medicine or any other health care service. Insurance companies continuously pay them until the payments reach the maximum amount.
We hope the you have a better understanding of the meaning of Allocated Benefits.