- death benefit
death benefit n: money payable to the beneficiary of a deceased as a benefit (as under a policy of life or accident insurance or a pension plan)◇ 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.
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
- death benefit
n.An amount paid to a beneficiary when an insured person dies.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
- death benefit
Insurance or pension money payable to a deceased person's designated beneficiary.Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & FinancesCategory: Business Cash Flow Problems & BankruptcyCategory: Business, LLCs & Corporations → Business Tax & DeductionsCategory: Divorce & Family LawCategory: Employment Law & HRCategory: Personal Finance & Retirement → Taxes → Tax AuditsCategory: Personal Finance & Retirement → Life InsuranceCategory: Wills, Trusts & Estates → Estates, Executors & Probate CourtCategory: Wills, Trusts & Estates → Getting Your Affairs in OrderCategory: Wills, Trusts & Estates → Estate TaxCategory: Wills, Trusts & Estates → Wills
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
Look at other dictionaries:
death benefit — ➔ benefit * * * death benefit UK US noun [C or U] ► INSURANCE money that a person s insurance or pension company pays to their family or another person when they die: »Please read these notes before completing the death benefit nomination form … Financial and business terms
Death Benefit — The amount on a life insurance policy or pension that is payable to the beneficiary when the annuitant passes away. Also known as survivor benefit . A death benefit may be a percentage of the annuitant s pension. For example, a beneficiary might… … Investment dictionary
death benefit — noun insurance or pension money payable to a beneficiary of a deceased • Hypernyms: ↑benefit • Hyponyms: ↑advance death benefit * * * noun, pl ⋯ fits [count] : money that an insurance company pays to the family of someone who has died because… … Useful english dictionary
death benefit — death′ ben efit n. bus the amount of money payable to a beneficiary upon the death of the insured • Etymology: 1920–25 … From formal English to slang
death benefit — / deθ ˌbenɪfɪt/ noun insurance benefit paid to the family of someone who dies in an accident at work … Dictionary of banking and finance
death benefit — the amount of money to be paid under the terms of an insurance policy to the designated beneficiary upon the death of the insured. [1920 25] * * * … Universalium
death benefit — noun Date: 1921 money payable to the beneficiary of a deceased … New Collegiate Dictionary
Accidental Death Benefit — The payment due to the beneficiary of an accidental death insurance policy, which is often a clause or a rider connected to a life insurance policy. The accidental death benefit is usually an amount paid in addition to the standard benefit… … Investment dictionary
defined benefits lump sum death benefit — Introduced by the Finance Act 2004, a registered pension scheme that is a defined benefit scheme may pay a defined benefits lump sum death benefit on a member s death. The scheme administrator must test the payment against the member s lifetime… … Law dictionary
uncrystallised funds lump sum death benefit — Introduced by the Finance Act 2004, a registered pension scheme that is a money purchase scheme may pay an uncrystallised funds lump sum death benefit on a member s death. The member must have died before reaching age 75. The uncrystallised funds … Law dictionary