{"id":322,"date":"2020-04-25T04:00:00","date_gmt":"2020-04-25T04:00:00","guid":{"rendered":"https:\/\/www.myadvantageinsurance.com\/blog\/?p=322"},"modified":"2020-04-25T19:29:56","modified_gmt":"2020-04-25T19:29:56","slug":"what-are-living-benefits","status":"publish","type":"post","link":"https:\/\/www.myadvantageinsurance.com\/blog\/what-are-living-benefits\/","title":{"rendered":"What Are &#8220;Living Benefits?&#8221;"},"content":{"rendered":"<p>The simplest way to explain life benefits may be as follows: Where death benefits payout at the time of the policy holder&#8217;s passing, living benefits can be claimed while the policyholder is still living.<\/p>\n<p>Living benefits come from the cash value of a life insurance policy&nbsp;<em>if<\/em>&nbsp;you are buying cash value life insurance. If you call&nbsp;Advantage Insurance Network and ask for a cash benefit policy, you will be paying a higher premium, but you will also be able to reap a number of benefits, owing to the cash value that you are building in your policy.<\/p>\n<p><strong>Examples of Living Benefits<\/strong><\/p>\n<ul>\n<li>Loans<\/li>\n<\/ul>\n<p>You can borrow against your cash value in your policy. This means that if you want to put a down payment on a house or buy a new car, you have options available to you.<\/p>\n<ul>\n<li>College savings<\/li>\n<\/ul>\n<p>For most policyholders, this means sending the kids off to the college of their choice.<\/p>\n<ul>\n<li>Tax deferment<\/li>\n<\/ul>\n<p>The cash value that you build up in your policy is tax-deferred, meaning that you won&#8217;t pay any taxes on that money until you are ready to withdraw it.<\/p>\n<p>For some policyholders in Cincinnati, OH, a cash value policy may be unnecessary. If you already have savings and don&#8217;t feel the need to put any cash value into your life insurance policy, you may simply want to go for a more streamlined policy that will pay out death benefits to your loved ones.<\/p>\n<p>In either event, if you want to ensure that you and your family have the coverage that you need, give&nbsp;Advantage Insurance Network a call or send them a message and see what they can do for you.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The simplest way to explain life benefits may be as follows: Where death benefits payout at the time of the policy holder&#8217;s passing, living benefits can be claimed while the policyholder is still living. Living benefits come from the cash value of a life insurance policy&nbsp;if&nbsp;you are buying cash value life insurance. If you call&nbsp;Advantage [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[50,68],"class_list":["post-322","post","type-post","status-publish","format-standard","hentry","category-life-health-insurance","tag-advantage-insurance-network","tag-cincinnati-oh"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.myadvantageinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myadvantageinsurance.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myadvantageinsurance.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myadvantageinsurance.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myadvantageinsurance.com\/blog\/wp-json\/wp\/v2\/comments?post=322"}],"version-history":[{"count":1,"href":"https:\/\/www.myadvantageinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/322\/revisions"}],"predecessor-version":[{"id":323,"href":"https:\/\/www.myadvantageinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/322\/revisions\/323"}],"wp:attachment":[{"href":"https:\/\/www.myadvantageinsurance.com\/blog\/wp-json\/wp\/v2\/media?parent=322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myadvantageinsurance.com\/blog\/wp-json\/wp\/v2\/categories?post=322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myadvantageinsurance.com\/blog\/wp-json\/wp\/v2\/tags?post=322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}