Living Benefits
Barron's Finance & Investment Dictionary:
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Living Benefits
life insurance benefits upon which the insured can draw cash while still alive. Some policies allow benefits to be paid to the insured in cases of terminal illness or illness involving certain longterm care costs. Beneficiaries receive any balance upon the insured’s death. Also known as accelerated benefits.
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Barron's Finance & Investment Dictionary
Dictionary of Finance and Investment Terms. Copyright © 2010 by Barron's Educational Series, Inc. All rights reserved.
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