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.
living benefit - Investment & Finance Definition
Webster's New World Finance and Investment Dictionary Copyright © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
Used by arrangement with John Wiley & Sons, Inc.
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"living benefit." YourDictionary, n.d. Web. 15 December 2018. <https://www.yourdictionary.com/living-benefit>.
APA Style
living benefit. (n.d.). Retrieved December 15th, 2018, from https://www.yourdictionary.com/living-benefit
