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

They can elect to continue the income over a spouse’s lifetime and add a death benefit for other heirs.

From The Wall Street Journal • Dec. 3, 2025

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

Pay that premium, and I tell you now that the company will never pay a death benefit with less hesitation than it will pay this one.

From The Best Policy by Flower, Elliott