death benefit

noun

Definition of death benefit

: money payable to the beneficiary of a deceased

Examples of death benefit in a Sentence

Recent Examples on the Web The law says that miserly little one-time death benefit can only be paid to a surviving spouse. Tom Margenau, Dallas News, "Why me? Ask the Social Security Administration for help," 6 Dec. 2020 According to Progressive, final expense life insurance starts at around $20 per month, although rates vary depending on your age and the death benefit your policy offers. Holly Johnson, CNN Underscored, "Do you need final expense life insurance?," 28 Dec. 2020 Beneficiaries only receive the death benefit after the second spouse has passed away. Tom Cooney And Crystal Faulkner, The Enquirer, "BusinessWise: Child's financial future," 17 Aug. 2020 But now when your mom died, there is no surviving spouse, so no death benefit. Tom Margenau, Dallas News, "Why me? Ask the Social Security Administration for help," 6 Dec. 2020 Her late father received a small death benefit through union membership, which covered many final expenses. Leslie Scism, WSJ, "Those Dying From Covid-19 Are Least Likely to Own Life Insurance," 28 Sep. 2020 The military death benefit can also be rolled over to a Roth IRA. Leonard Sloane, WSJ, "When Saving for College, Don’t Just Look at 529s," 5 Oct. 2020 Permanent insurance offers a death benefit and a cash value. Tom Cooney And Crystal Faulkner, The Enquirer, "BusinessWise: Child's financial future," 17 Aug. 2020 Coverage is set for a certain number of years and if a death occurs during that coverage term, a death benefit will be paid to the beneficiary. Tom Cooney And Crystal Faulkner, The Enquirer, "BusinessWise: Child's financial future," 17 Aug. 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'death benefit.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of death benefit

1867, in the meaning defined above

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Time Traveler for death benefit

Time Traveler

The first known use of death benefit was in 1867

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Statistics for death benefit

Last Updated

31 Jan 2021

Cite this Entry

“Death benefit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/death%20benefit. Accessed 6 Mar. 2021.

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More Definitions for death benefit

death benefit

noun

English Language Learners Definition of death benefit

: money that an insurance company pays to the family of someone who has died because that person had life insurance

death benefit

noun

Legal Definition of death benefit

: money payable to the beneficiary of a deceased as a benefit (as under a policy of life or accident insurance or a pension plan)

Note: The right to death benefits is generally terminated in cases of fraud, as when an insured commits suicide after purchasing a policy or when the beneficiary murders the insured.

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