Living benefits

Living benefits

Life insurance benefits from which the insured can draw cash while still living, usually in the case of some high-cost illness.

Living Benefits

In life insurance, all or a portion of the death benefit that the policyholder may receive prior to death. The policyholder usually elects to receive living benefits during a terminal or catastrophic illness, especially one where health insurance does not cover all the bills. They are also called accelerated benefits. See also: Viatical settlement.
References in periodicals archive ?
These are called living benefits, as distinguished from death benefits.
Hama Countryside, Syria, Safar 02, 1440, October 11, 2018, SPA -- SPA --King Salman Humanitarian Aid and Relief Center (KSRelief) yesterday handed over living benefits to 150 orphans in a number of Syrian Regions, as part of an orphan living benefit project being provided by the center for 500 orphans in Syria.
is an employee benefits, group retirement, and individual insurance broker and consultant offering group benefit and retirement plans, individual life and living benefits, as well as investment strategies, to clients across Western Canada, primarily in Manitoba and Saskatchewan.
Long before we had living benefits, variable annuities were sold mostly for tax-deferred growth with a guarantee of principal at death.
While death benefit protection is the foundation of any life insurance policy, focusing on the additional living benefits can make for a much more upbeat and positive conversation.
This agreement will allow MetLife Bangladesh to assure the EBL Commercial and SME Banking customers with a valuable Complementary Accidental/ Life Insurance Coverage of up to Tk 0.5 million together with Voluntary insurance protection up to BDT 5.0 million for accidental death along with other valuable living benefits.
The new site's aim is to offer exactly what can be read in its title - Healthy Living Benefits - A perfect mind in a healthy body.
Advising on guaranteed living benefits Variable annuities: What's hot, what's not
In addition to the obvious long-term care products, this category also includes universal life with secondary guarantees, and variable annuities with living benefits, he said.
New living benefits We have already seen the accelerated death benefit rider that offers access to a policy's death benefit when the insured is terminally ill.
Huge increases in Rough Sleepers |on the streets of Wales Pensioners forced further into |poverty, increasingly living in inadequately heated homes Disabled people having to wait |over 12 months for responses to applications for essential living benefits Children not having a nutritious |meal from one day to the next due to family poverty Homelessness and debt |substantially increased due to the wonderful, inspired, and overwhelmingly constructive Conservative Bedroom Tax initiative Huge increases in the take-up of |food from charity food banks.
11 February 2014 -- New Jersey US-based financial services firm Prudential Financial's (NYSE: PRU) Prudential Annuities domestic annuity business said it has launched a new version of its Highest Daily variable annuity optional living benefits which allow investors to 'lock in' the highest daily value of their annuity contract for income purposes each day the market is open.