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living benefit Finance Definition

A type of life insurance policy where the insured can receive a payout from the policy while still alive. Typically, this benefit is allowed in cases of terminal illness or other long-term, severe health problems.

Browse dictionary entries near living benefit

  1. ‹ living
  2. ‹ livid
  3. ‹ liveware
  4. ‹ livestock
  5. ‹ lives
  6. ‹ liveryman
  7. ‹ livery stable
  8. ‹ livery company
  9. ‹ livery
  10. ‹ liverwurst
  1. living death ›
  2. living room ›
  3. living trust ›
  4. living wage ›
  5. living will ›
  6. Livingston ›
  7. Livingstone ›
  8. Livonia ›
  9. Livorno ›
  10. livre ›