Definition of "Death benefit"

Rebecca Mould real estate agent
Rebecca Mould, Real Estate Agent Lighthouse Harbour Realty, LLC

Amount payable, as stated in a life insurance policy, upon the death of the insured. This is the face value of the policy plus any riders, less any outstanding loans and the interest accrued thereon.

 

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Comments for Death Benefit


David Stevenson David Stevenson said:

Someone told me about dividend they received from parents death some kind of insurance don't know for sure neither did the person that told about it ( 10 yrs ago)?

Oct 10, 2018  14:44:31

 
Real Estate Agent

Hey David!
That's probably the death benefit :) 

Oct 11, 2018  09:45:24
 
 

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