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death benefit

Syllabification: death ben·e·fit

Definition of death benefit in English:

noun

The amount paid to a beneficiary upon the death of an insured person. Also called face amount.
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.

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