living benefit

"I think living benefits are basically a good thing," he said.

The print advertisements simply explained the living benefits program, which is now available in 38 states.

Taxes may be the most unsettled aspect of living benefits.

And some add 3 percent to 15 percent to premiums for the right to get living benefits.

Along with life insurers, about 50 "viatical settlement" companies offer living benefits.

These are called living benefits or accelerated death benefits.

Instead offer them living benefits, letting them step out of the way of the kids.

Among viatical companies, Living Benefits is the nation's oldest and largest.

To get living benefits, a Prudential policyholder generally must be certified by a doctor as having six months or less to live.

Mr. Cuomo also proposed the so-called living benefits legislation and is expected to sign it.

Some states, including New York, have already declared living benefits paid by an insurer to be tax-exempt.

Insurance companies provide even greater insurance coverage on guaranteed living benefits, which tend to be elective.

And if that medical statement indicates the policyholder is terminally ill, Prudential can offer the living benefits.

These include death benefit options and living benefit options.

Originally offered only on cash-value policies, living benefits are now available on term and group policies, too.

People of more modest means are the best customers for living insurance, also known as "lifetime benefits" or "living benefits" policies.

Like many policyholders who receive such payments, sometimes called living benefits, Ms. North was considered terminally ill by her insurer.

Prudential alone has awarded $47 million in early payouts to 572 policyholders since January 1990, when it became the nation's first insurer to offer living benefits.

Politics aside, the Cuban victory was one for the underdogs - guys who get paid a few pesos a month, plus living benefits, to play this game with panache.

Last December the Internal Revenue Service proposed that living benefits - at least when paid by insurers - be exempt from Federal income tax under certain conditions.

Transamerica said its life insurance, structured settlements, living benefits, group pension and reinsurance divisions all had double-digit operating income increases and solid revenue growth for the year.

In August, Mr. Simon sold Living Benefits and another similar company to a subsidiary of the National Capital Management Corporation.

Annuities with guaranteed living benefits (GLBs) tend to have high fees commensurate with the additional risks underwritten by the issuing insurer.

Business lines include individual life reinsurance, individual living benefits reinsurance, health reinsurance, long-term care reinsurance, group reinsurance and financial solutions.

A spokesman said they had been overwhelmed by the number of applications when the new disability living benefit was announced and said it had taken longer than anticipated to sort out.