Definitions for "living benefits"
Living Benefits are an insurance option where policy holders may access benefits...
These are benefits available to owners of life insurance policies while the insured is still alive. Living benefits include policy loans, the right to make collateral assignments, and, in some cases, the right to take benefits in the event of the insured's terminal illness.
See accelerated benefits.----------[ Back
Guarantees that provide principal protection by guaranteeing the level of account values or annuity payments.