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Investments glossary

Death Benefit


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Quotes of the day:

All that glitters is not gold, and things that look warm are often cold!

— Yassine Aumerally

A death benefit is a payout to the beneficiary of a life insurance policy, annuity, or pension when the insured or annuitant dies. For life insurance policies, death benefits are not subject to income tax and named beneficiaries ordinarily receive the death benefit as a lump-sum payment.


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