Death Benefit
/ˈdɛθ ˌbɛnɪfɪt/
Definitions
- (n.) A sum payable upon the death of the insured, typically under a life insurance policy or pension plan.
The policyholder's beneficiaries received the death benefit after his passing.
- (n.) The monetary amount paid by a pension or retirement plan to a beneficiary upon the member's death.
The employee’s retirement plan provided a death benefit to her spouse.
Forms
- death benefit
- death benefits
Related terms
See also
Commentary
Commonly used in insurance and employee benefits law, the term specifies a contractual payment triggered by death, distinct from other benefits like survivor benefits.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.