释义 |
Living benefits Living benefitsLife insurance benefits from which the insured can draw cash while still living, usually in the case of some high-cost illness.Living BenefitsIn 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. |