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death benefit

DEFINITIONS OF: death benefit

1

n insurance or pension money payable to a beneficiary of a deceased

Types:
advance death benefit
a percentage of death benefits paid directly to policy holders having a short life expectancy (usually 6 months)
viatical settlement
cash derived from sale of an insurance policy by a terminally ill policy holder
Type of:
benefit
financial assistance in time of need
WORD FAMILY
USAGE EXAMPLES