LIVING BENEFITS

 

Life Insurance companies have found creative ways to provide more benefits to their policyholders. One of them is through accelerated death benefits, also known as living benefits. 

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By doing this, if the policyholder is diagnosed as being chronically, critically, or terminally ill, the company will pay a percentage of the death benefit to the policyholder. This can help with covering the cost of medical care but there are no limitations on how the money can be spent. Would a world tour or a vacation to a favorite destination be the preferred choice?