What are Living Benefits for Term Insurance?
Living benefits of a life insurance policy are benefits provided to and obtained by those insured, while still alive.
It means you can access the benefits of your insurance plan before you die, instead of waiting for a payout on the policy after the insured person dies.
Living death benefits are an early payout of anticipated death benefits from a rider attached to an existing life insurance policy, or from a separate policy.
Learn more about term life insurance with living benefits.
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