What Is Life Insurance Death Benefit?
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63333 POINTSview profilePeggy MaceMost of the U.S.The life insurance death benefit is the amount that is left to the beneficiary of the life insurance policy upon the death of the insured person. It is also called the face amount of the policy. The death benefit is at least the amount applied for unless loans were taken and not repaid.Answered on May 1, 2013flag this answer
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaLife insurance death benefit is generally a tax free lump sum proceed distributed to the beneficiaries of a life insurance policy on the death of the policy insured. Life insurance death benefit indemnifies family members, business associates or charitable organizations at the demise of the insured of the policy.Answered on May 27, 2013+01+1 this answer
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