The National Directory of Certified Public Accountants

Ask A CPA - Insurance

In An Insurance Policy , What Is A Living Benefit ?

A Living Benefit in a life insurance policy is a rider in which it provides the insured with an early payment in the event that a terminal illness or injury occurs. The payment is generally a portion of the policy's face amount. A Living Benefit can also be referred to as an "Accelerated Death Benefit".

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