What does Living Benefits of Life Insurance mean? Read on to discover the definition & meaning of the term Living Benefits of Life Insurance - to help you better understand the language used in insurance policies.
Living Benefits of Life Insurance
Living benefits of life insurance are the benefits that a life insurance policyholder can capitalize on while they are still alive. These benefits often translate to a portion of the actual cash value of the policy, but they can sometimes amount to its entire value.
We hope the you have a better understanding of the meaning of Living Benefits of Life Insurance.