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 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.