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

Meanwhile, money to impoverished regions in the form of military sign-up bonuses and death benefits would dry up.

From The Wall Street Journal

Even after the death of the policyholder, the carrier may have to pay the death benefits, if it has not honored its obligations.

From MarketWatch

I would let the death benefits go if his Social Security was more generous.

From MarketWatch

“When a firefighter dies from occupational cancer, we owe it to them to ensure their families get the line-of-duty death benefits they are owed.”

From Los Angeles Times

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