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Living benefits |
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Living benefits Life insurance benefits from which the insured can draw cash while still living, usually in the case of some high-cost illness. |
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| However, when dealing with living benefits, insurance companies also have to predict how people will behave in the future. Living benefits are not subject to federal income taxes. Some 200 life insurance companies typically insert riders to their life policies called accelerated living benefits, which are unrelated to viatical settlements. |
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Living benefits
