Death Benefit


Definition of "Death benefit"

Rebecca Mould real estate agent
Rebecca Mould 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.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Lump Sum Distribution

Death benefit option in which a beneficiary of a life insurance policy receives the death benefit as a single sum payment instead of installments. ...

No-lapse Variable Universal Life Insurance

Policy of variable universal life insurance (VUL) under which, if the accumulation of the premiums paid at any point in time (minus policy loans, and ...

Cash Accumulation Method

Procedure used to compare the costs of life insurance policies by having equal death benefits of the policies held constant and accumulating the diffe ...

Second Death Insurance

Life insurance policy with a death benefit that is paid only when the second of two insureds dies. No benefits are paid as long as both live or if jus ...

Joint Life Insurance

Coverage of two or more persons with the death benefit payable at the first death. Premiums are significantly higher than for policies that insure one ...

Transfer For Value Rule

An exception to section 101 (a) (1) OF THE INTERNAL REVENUE CODE tax-exempt Status Of the DEATH BENEFIT in a life insurance policy where the transfer ...

Popular Real Estate FAQ

What Do I Need To Know About Universal Life Insurance?

Universal life insurance provides death benefits and income taxe-deferred savings to help you meet your financial goals while you are living. It has m ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add real estate terms app
on your Website

Real Estate Advice

Spring Landscaping Ideas to Improve Curb Appeal and Sell Your House DIY Home Improvement to Increase Your Home Value Moving Tips: House Relocation Stress Free Increase Your Home Value With These Home Improvement Ideas Down Payment: Everything You Wanted to Know

FAQ

What is a seller disclosure? Is depreciation common? What is an index? What is a foreclosure? What is a quit claim deed?