What is “Pool of Money”?

Pool of Money = is the maximum amount of benefits a policy can pay in your lifetime. It is usually calculated by multiplying the daily benefit by 365 times the number of years in the benefit period. The pool of money increases according to whatever inflation benefit is chosen for the policy. It can also be referred to as the “Maximum Benefit Amount”, “Maximum Lifetime Benefit”, “Lifetime Maximum Benefit”, or “Benefit Bank”.