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Insurance

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  4. In an insurance policy , what is a Living Benefit ?

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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