death benefit

noun

: money payable to the beneficiary of a deceased

Examples of death benefit in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
The beneficiary of a life insurance policy is typically not taxed on the death benefits if they are given in a lump sum. Brian Sloan, CNBC, 31 Dec. 2024 Legacy Planning For individuals concerned about leaving a legacy, the death benefit of an IUL provides tax-free wealth transfer to your beneficiaries. Andre Pennington, Forbes, 11 Dec. 2024 The amount used for care is subtracted from the death benefit, which means less money for heirs. Medora Lee, USA TODAY, 30 Oct. 2024 Other riders increase the value of the death benefit. Liz Knueven, CNBC, 13 Dec. 2024 See all Example Sentences for death benefit 

Word History

First Known Use

1867, in the meaning defined above

Time Traveler
The first known use of death benefit was in 1867

Dictionary Entries Near death benefit

Cite this Entry

“Death benefit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/death%20benefit. Accessed 9 Jan. 2025.

Legal Definition

death benefit

noun
: money payable to the beneficiary of a deceased as a benefit (as under a policy of life or accident insurance or a pension plan)

Note: The right to death benefits is generally terminated in cases of fraud, as when an insured commits suicide after purchasing a policy or when the beneficiary murders the insured.

Last Updated: - Updated example sentences
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