death benefit


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death benefit

n.
Insurance money payable to a deceased person's stipulated beneficiary.

death′ ben`efit


n.
the amount of money payable to a beneficiary upon the death of the insured.
[1920–25]
ThesaurusAntonymsRelated WordsSynonymsLegend:
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)
References in periodicals archive ?
Michael Freeman, are trying to help his mother in her battle with county and state officials, who contend that she may not be eligible to receive a survivor death benefit for dependents.
Term insurance is a contract for a finite time period (say from one to five years) which guarantees to pay a specific death benefit, usually in increments of $100,000.
Unless you have been guilty of extremely poor planning, your beneficiaries can receive a death benefit free of income tax.
Whether a client wants to focus primarily on death benefit protection or split their focus between death benefit protection and supplementing retirement income, Pacific Select Exec III has features to help including:
Minimum Premium to Carry; 10-Pay Endowment Solve; Lump Sum Death Benefit Solve
Nationwide's Ultimate Universal Life includes riders to access the death benefit for long-term-care expenses or terminal illness along with a patent-pending Automated Premium Monitor to help policyholders keep up with required premiums.
Further, employer contributions under a qualified defined benefit plan that are used to purchase life insurance coverage for a participant in excess of that party's death benefit under the plan arm not fully deductible when contributed; instead, they are carried over as contributions in future years and deductible in future years when other plan contributions taken into account for the tax year are less than the maximum amount deductible for the year under the Sec.
Whole Life Insurance--A traditional whole life policy provides both a death benefit and a cash value component.
When an insured dies, the loan is repaid with the tax-free death benefit.
And there is no tax-free death benefit of life insurance to reimburse the company for its costs in providing the benefits.
To better serve its members, Thrivent Financial for Lutherans has launched Thrivent Financial Universal Life-Lifetime Protector, a new universal life insurance product that provides an affordable, predictable premium and guaranteed death benefit protection for up to a lifetime.
WHAT KIND OF death benefit guarantee period is right for the client?