death benefit


Also found in: Thesaurus, Financial, Acronyms.

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 ?
They also offer two death benefit options to choose from: a level death benefit and an increasing death benefit (see Cherin and Hutchins, 1987, p.
The death benefit passes directly to the beneficiary named in the policy, without delay or cost of probate.
Additional riders available Accelerated Death Benefit, Accidental
Up to now it was only the EasySave Transactional Account holders who qualified for a free death benefit of N$3 000.
However, the death benefit would be $1 million (minus any loans taken against the policy) whenever the man dies.
Death benefits provided through a pre-funded reserve cannot exceed $50,000, under Sec 419A(e)(2).
Qualifying policies are at least two years old, pay death benefits between $100,000 and $5 million and are issued by a life insurance company with an "A" rating or higher.
As for the death benefit birthday card, it wound up in the trash can right next to the dirty paper plates and birthday wrapping paper.
The company eventually gets its premium money back, usually without interest, from the cash value in the policy if either it or the executive ends the split-dollar agreement, or from the death benefit if the executive dies.
Accelerated Death Benefit - included at no additional cost in most states, pays 94 percent of the death benefit in a lump sum if life expectancy is 12 months or less.
28, 2014 /PRNewswire/ -- Abacus Life Settlements, a leading life settlement provider in the secondary market for life insurance, today announced that it is offering retained death benefit life settlement transactions.