Additional Death Benefit

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Dictionary Says

Definition of 'Additional Death Benefit'

An amount that is paid to the beneficiary of a life insurance contract that is separate from the original death benefit. The additional death benefit acts as an extra layer of payment in the event that a predefined situation occurs.

Investopedia Says

Investopedia explains 'Additional Death Benefit'

For example, let's assume that you have a life insurance policy worth $1 million. It is possible for the policy to pay an extra $1 million to your beneficiary in the event that you die within a certain age range.

There are many situations that will trigger an additional death benefit, so you may want to talk with your insurance company to see if there is a policy that is right for you.
Search results for

'Additional Death Benefit'

  • Let Life Insurance Riders Drive Your Coverage

    http://www.investopedia.com/articles/pf/07/life_insurance_rider.asp
    ... Normally, the additional benefit paid out upon death due to accident is equivalent
    to the face amount of the original policy, which doubles the benefit. ...

  • The Cost Of Variable Annuity Guarantees

    http://www.investopedia.com/articles/pf/06/variableannuity.asp
    ... investment, plus a predetermined annual increase at your death. Additional cost
    of investment: 10-40 basis points Guaranteed Minimum Income Benefit (GMIB) The ...

  • Living And Death Benefit Riders: How Do They Work?

    http://www.investopedia.com/articles/insurance/10/living-and-death-benefit-riders.asp
    ... year of the contract, then this rider would deduct an additional $880 from ... Living
    and death benefit riders are therefore only beneficial when the value of the ...

  • Intro To Insurance: Types Of Life Insurance | Investopedia

    http://www.investopedia.com/university/insurance/insurance8.asp
    ... has a level premium, but the amount of the death benefit decreases with time ... life
    insurance policies have major features that provide additional flexibility for ...

  • Understanding The Insurance Transfer-For-Value Rule

    http://www.investopedia.com/articles/insurance/10/transfer-for-value.asp
    ... The new employee pays an additional $4,000 of premiums into the policy. The original
    key employee passes away and the death benefit are paid to the second ...

  • Profit From Unwanted Life Policies With Life Settlement

    http://www.investopedia.com/articles/pf/07/unwanted_policies.asp
    ... An additional option has recently been introduced to policy owners. ... amount that exceeds
    the policy's cash surrender value but is less than the net death benefit ...

  • Selecting And Managing Insurance Payouts

    http://www.investopedia.com/articles/pf/08/insurance-payout-selection.asp
    ... If you are filing a death benefit claim as a life insurance policy beneficiary,
    you will most likely be presented with several additional payout options: ...

  • 5 Things You Didn't Know About Life Insurance - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0811/5-Things-You-Didnt-Know-About-Life-Insurance.aspx
    ... your financial plan against certain risks and give you access to additional cash
    when you ... that if you don't pay back the loans before the death benefit is paid ...

  • Using Life Insurance To Make Charitable Donations

    http://www.investopedia.com/articles/insurance/10/giving-to-charity-using-life-insurance.asp
    ... Furthermore, these riders usually come at no additional cost and often do not increase
    the premium or reduce the cash value or the death benefit of the policy. ...

  • A Multipurpose Future Planning Tool

    http://www.investopedia.com/articles/pf/07/variable-universal-life.asp
    ... above and beyond the premium are already being made, additional payments to ... other
    cash-value insurance policies, VULs pay out a tax-free death benefit when the ...

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