Living benefits could help protect your clients and their loved ones from financial hardship if the unexpected happens...
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Your clients may know life insurance offers a death benefit, but do they realize many policies also offer living benefits?
Living benefits could help protect your clients and their loved ones from financial hardship if the unexpected happens by providing an early payout of policy death benefits, if the insured is injured or has an illness.
The amount that can be accessed depends on the type of contract. This payment, which is made to the policy owner rather than to the beneficiary, reduces any cash value that has built up on the policy and reduces the death benefit.