Definition of death benefit in English:

death benefit

Syllabification: death ben·e·fit

noun

  • The amount paid to a beneficiary upon the death of an insured person. Also called face amount.
    More example sentences
    • Therefore, the plan allows you to cover your long-term care needs as required, but still leaves the maximum possible amount of your death benefit intact for your dependents.
    • That amount (plus, in some policies, interest) is later deducted from the death benefit that goes to beneficiaries when the policyholder dies.
    • Term Life Insurance - Term insurance is life insurance coverage that pays a death benefit only if the insured dies within a specified time period.

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day astrogation
Pronunciation: ˌastrə(ʊ)ˈgeɪʃ(ə)n
noun
(in science fiction) navigation in outer space