Some Life insurance contracts allow the policy owner to build cash value through your life insurance policy that accumulates over your lifetime. This is considered a living benefit of life insurance because, in contrast to a death benefit that pays out when you pass away, you can use the money while you’re still alive. Those cash values have mostly been limits of life insurance living benefits until in recent years a revised awareness and knowledge that statistical and actuarial analysis of deaths has given some companies in the Insurance Industry the vision that allows for them to offer Living Benefits policies with leverages such that one does not have to DIE to use the DEATH BENEFITS of life insurance policies.
Living Benefits Life Insurance
Use Life Insurance to receive payments prior to death such as a critical illness or potentailly tax free retirement income.