death benefit

noun

Definition of death benefit

  1. :  money payable to the beneficiary of a deceased

1867

First Known Use of death benefit

1867


DEATH BENEFIT Defined for English Language Learners

death benefit

noun

Definition of death benefit for English Language Learners

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


Law Dictionary

death benefit

noun

Legal Definition of death benefit

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

Additional Notes on death benefit

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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