Living Benefits Of Life Insurance


Definition of "Living benefits of life insurance"

Starlene Ward
  RE/MAX Integrity

Benefits provided to and obtained by those insured, while still alive. They include the annuity, cash surrender value, disability income, policy loan, and waiver of premium (WP).


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Jurisdiction

Geographical area for which a given governmental agency has authority and responsibility. For exampl ...

Depreciated Cost (taxation)

New cost less accumulated depreciation to date. ...

Population Decrements

Reduction in a retirement plan's population resulting from the death, disability, and termination of ...

Commitment

(1) An arrangement to buy real estate at a specified price and conditions. The failure to honor the ...

Periodic Tenancy

tenancy having no written lease or contract. A periodic tenancy can be on a month-to-month or week-t ...

Visual Right

Occupant's right in a structure to see out of the window without being hindered. For example, if som ...

Related Real Estate FAQ

What Is A Subdivision?

A subdivision is a piece of land divided into several plots in which homes are built. ...

What Happens When You Prequalify?

When you are prequalified, the lender gives you an estimate but does not formally commit to giving y ...

What Is A Closing?

The process of finalizing all the dealing associated with the sale and purchase of a home. (Also kno ...

What Is A Broker?

An agent who is authorized to open and run his/her own agency. All real estate offices have one prin ...

What Are Basis Points?

Basic points relates to changes in the interest rate for your home. ...

What Is A Principal?

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Why Use a Real Estate Agent? When to buy a house 5 signs of house foundation problems What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes? What is Hazard Insurance?

FAQ

What is a debt-to-income ratio? What is a term? What is flood insurance? What does computer insurance cover that my warranty doesn't? What is a front-end ratio?