- death benefit
-
the amount of money to be paid under the terms of an insurance policy to the designated beneficiary upon the death of the insured.[1920-25]
* * *
Universalium. 2010.
death benefit
Look at other dictionaries:
death benefit — n: money payable to the beneficiary of a deceased as a benefit (as under a policy of life or accident insurance or a pension plan) ◇ The right to death benefits is generally terminated in cases of fraud, as when an insured commits suicide after… … Law dictionary
death benefit — ➔ benefit * * * death benefit UK US noun [C or U] ► INSURANCE money that a person s insurance or pension company pays to their family or another person when they die: »Please read these notes before completing the death benefit nomination form … Financial and business terms
Death Benefit — The amount on a life insurance policy or pension that is payable to the beneficiary when the annuitant passes away. Also known as survivor benefit . A death benefit may be a percentage of the annuitant s pension. For example, a beneficiary might… … Investment dictionary
death benefit — noun insurance or pension money payable to a beneficiary of a deceased • Hypernyms: ↑benefit • Hyponyms: ↑advance death benefit * * * noun, pl ⋯ fits [count] : money that an insurance company pays to the family of someone who has died because… … Useful english dictionary
death benefit — death′ ben efit n. bus the amount of money payable to a beneficiary upon the death of the insured • Etymology: 1920–25 … From formal English to slang
death benefit — / deθ ˌbenɪfɪt/ noun insurance benefit paid to the family of someone who dies in an accident at work … Dictionary of banking and finance
death benefit — noun Date: 1921 money payable to the beneficiary of a deceased … New Collegiate Dictionary
Accidental Death Benefit — The payment due to the beneficiary of an accidental death insurance policy, which is often a clause or a rider connected to a life insurance policy. The accidental death benefit is usually an amount paid in addition to the standard benefit… … Investment dictionary
defined benefits lump sum death benefit — Introduced by the Finance Act 2004, a registered pension scheme that is a defined benefit scheme may pay a defined benefits lump sum death benefit on a member s death. The scheme administrator must test the payment against the member s lifetime… … Law dictionary
uncrystallised funds lump sum death benefit — Introduced by the Finance Act 2004, a registered pension scheme that is a money purchase scheme may pay an uncrystallised funds lump sum death benefit on a member s death. The member must have died before reaching age 75. The uncrystallised funds … Law dictionary
