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Examples of death benefit in a Sentence
Recent Examples on the Web
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
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Word History
First Known Use
1867, in the meaning defined above
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.
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