Life Insurance Quotes

Understanding Death Benefits

A death benefit is the money which a life insurance policy’s beneficiaries receive when the insured passes on.  The life insurance information contained in this section will aid you in understanding and selecting a suitable death benefit.

 

Death benefit options—Ordinarilly, a policy pays a death benefit exactly equal to the amount of coverage purchased.  But you have other options available to you.  Click here to learn about:

  • Level benefit
  • Increasing benefit
  • Decreasing benefit
  • Variable benefit life insurance
  • Graded benefit life insurance
  • Adjustable life insurance

Death benefit payment options—The default payment for a death benefit is a lump sum, consisting of the entire death benefit.  You can choose other payment options to employ more sophisticated financial plans, however.  Click here to learn about:

  • Lump sum
  • Interest only
  • Fixed period
  • Fixed amount
  • Lifetime income

How much life insurance coverage is enough?—It is a tragedy when an individual’s life insurance coverage doesn’t meet his or her survivors’ financial needs.  Learn to recognize those needs and choose a suitable death benefit.

 

 

For further information on life insurance death benefits, peruse our Life Insurance FAQ or call 1-800-423-4852 today to speak for free with a life insurance advisor.

Talk to an Advisor

A licensed insurance advisor can explain your options and help you choose the right life insurance for your needs.

Call: 1-800-823-4852

Chat: Live Advisor Chat

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