What Does Living Benefits Mean?

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What does Living Benefits mean? Read on to discover the definition & meaning of the term Living Benefits - to help you better understand the language used in insurance policies.

Living Benefits

Living Benefits

Living benefits refer to the cash benefits available to the insured after they have paid premiums over a specific period. The cash values and the endowment proceeds of a permanent life insurance policy are considered living benefits since they are made available to the insured while they are alive.

We hope the you have a better understanding of the meaning of Living Benefits.

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