death benefit

American  

noun

1. the amount of money to be paid under the terms of an insurance policy to the designated beneficiary upon the death of the insured.

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Etymology

Origin of death benefit

First recorded in 1920–25

Example Sentences

Another common practice is using the dividend toward “paid-up” additions, which is additional coverage that increases the total death benefit and can compound to earn even more dividends in the future.

From MarketWatch • Apr. 16, 2026

You’re basically paying the cost of a typical household utility bill for a tax-free $1.5 million death benefit.

From MarketWatch • Nov. 15, 2025

That is less than half the $800,000 cash-in value of Montana’s policy and a fraction of the death benefit, according to a court challenge she made this year.

From The Wall Street Journal • Oct. 6, 2025

The railroad company he worked for gave Gianetsas, who could barely speak English at the time, a death benefit worth $1,500.

From Seattle Times • Apr. 20, 2024

A few unions have allowed aged members to draw all or a part of their death benefit.

From Beneficiary Features of American Trade Unions by Kennedy, James B.