LIVING NEED BENEFITS
\lˈɪvɪŋ nˈiːd bˈɛnɪfˌɪts], \lˈɪvɪŋ nˈiːd bˈɛnɪfˌɪts], \l_ˈɪ_v_ɪ_ŋ n_ˈiː_d b_ˈɛ_n_ɪ_f_ˌɪ_t_s]\
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Allows life insurance to have long-term care benefits. Stems from a mixture of life insurance and long-term care coverage. This practice reduces the value of the life insurance policy is less because the life insurance policy's death benefit's funds are deducted for medical expenses.
By Henry Campbell Black
