Investopedia’s The 6 Best Life Insurance With Living Benefits of 2020
December 23, 2020 by
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Life insurance is a contract between you and an insurance company that pays a death benefit to named beneficiaries, or the recipients of your choosing, in exchange for premium payments.
Your life insurance policy riders, or add-on benefits, may include living benefits, which may allow you to access part of your death benefits while still alive. You may access living benefits when a qualifying life event occurs, like a terminal illness or permanent disability.