Definition of "Death benefit"

Rebecca Mould real estate agent

Written by

Rebecca Mouldelite badge icon

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.

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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