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death benefit

   Also found in: Financial, Acronyms 0.01 sec.
death benefit
n.
Insurance money payable to a deceased person's stipulated beneficiary.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.death benefit - insurance or pension money payable to a beneficiary of a deceased
benefit - financial assistance in time of need
advance death benefit - a percentage of death benefits paid directly to policy holders having a short life expectancy (usually 6 months)


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The product also offers a paid-up death benefit guarantee regardless of investment performance and without further premium payments.
Fact: There are simple variable annuities that offer a basic death benefit at no extra charge.
the products provide death benefit protection for 15, 20 or 30 years, depending on the customer's needs and premiums remain level throughout the selected level term period.
 
 
 
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