Living benefit is a term used in conjunction with life insurance. The easiest way to describe it is with an example. If you buy a $100K policy and you get diagnosed with a terminal disease, the insurance company will give you $50K at that time. The other $50K will come at the time of your death. It is one of those things that make me proud to be in the insurance industry because it is a great thing for you and your family.
To view more helpful insurance videos visit Insurance.TV.
Loading more stuff…
Hmm…it looks like things are taking a while to load. Try again?