Living benefits life insurance, also known as "accelerated death benefits," offers policyholders more than just financial security for their loved ones in case of their passing. This unique insurance type provides the insured with the option to access a portion of the death benefit while still alive in case of a critical illness, chronic condition, or terminal diagnosis. This feature can help cover medical expenses, replace lost income, or fund long-term care. Living benefits insurance offers peace of mind by providing financial support during life's most challenging moments, making it a versatile and forward-thinking choice for individuals and families.