Life
Death Benefit
The amount a life insurance policy pays to your beneficiaries when you die.
What it actually means
The death benefit is the core payout of a life insurance policy — the tax-free lump sum (in most cases) your named beneficiaries receive. It's set when you buy the policy and is the number most "how much life insurance do I need" calculations are trying to size correctly.
Example: A $750,000 death benefit is meant to replace income, pay off debts, and fund future costs like education for those left behind.
See it in context
Run the free Insurance Coverage Blueprint to see how death benefit and terms like it apply to your specific situation — no signup required.