Death benefit


 

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Death benefit

The amount payable by a life insurance company to the beneficiaries on the death of the insured (the policyholder).



Similar Matches

Guaranteed death benefit

Guaranteed death benefit

A life policy in which there is a minimum sum payable on the death of the life assured.


Invalidity benefit

Invalidity benefit

A former state benefit payable after the expiry of state sickness benefit if a person was still unfit to work. This benefit was replaced by incapacity benefit in April 1995.


Indirect diversification benefits

Indirect diversification benefits

Diversification benefits provided by the multinational corporation that are not available to investors through their portfolio investment.


Pension Benefit Guaranty Corporation

Pension Benefit Guaranty Corporation

In the US, a federal corporation, set up in conjunction with the Employee Retirement Income Security Act (ERISA) of 1974, to guarantee basic benefits to participants in pension plans which are underfunded.


Unfunded unapproved retirement benefits scheme

Unfunded unapproved retirement benefits scheme

An unfunded occupational pension scheme that is not designed to be approved by the Pension Schemes Office.


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