Guaranteed Death Benefit

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Dictionary Says

Definition of 'Guaranteed Death Benefit'

A benefit term that guarantees that the beneficiary, as named in the contract, will receive a death benefit if the annuitant dies before the annuity begins paying benefits. The benefit received differs among companies and contracts, but the beneficiary is guaranteed an amount equal to what was invested or the value of the contract on the most recent policy anniversary statement, whichever is higher.
Investopedia Says

Investopedia explains 'Guaranteed Death Benefit'

This benefit gives the annuitant peace of mind by guaranteeing that his or her beneficiary will be protected from down markets and decreases in account value. For example, if there is an economic downturn and the overall market falls by 20% when the annuitant dies, the beneficiary will still receive the full guaranteed amount as dictated by the terms of the annuity and death benefit.
Search results for

'Guaranteed Death Benefit'

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

    http://www.investopedia.com/articles/insurance/10/living-and-death-benefit-riders.asp
    ... Living and death benefit riders are therefore only beneficial when the value of
    the contract is less than the contract value guaranteed by the rider. ...

  • The Cost Of Variable Annuity Guarantees

    http://www.investopedia.com/articles/pf/06/variableannuity.asp
    ... Here are some of the common available benefits: Guaranteed Death Benefit If you
    die before your annuity begins paying out benefits, your beneficiary, as named ...

  • Variable Vs. Variable Universal Life Insurance

    http://www.investopedia.com/articles/pf/07/variable_universal.asp
    ... A variable life insurance policy does offer a guaranteed death benefit, which will
    not fall below a minimum amount even if the invested assets devalue ...

  • Permanent Life Policies: Whole Vs. Universal

    http://www.investopedia.com/articles/pf/07/whole_universal.asp
    ... the same amount of premium for a specific period to receive the death benefit. ... In
    a way, the presence of guaranteed cash values makes this policy worthwhile ...

  • Selecting And Managing Insurance Payouts

    http://www.investopedia.com/articles/pf/08/insurance-payout-selection.asp
    ... Life income within certain period - This life insurance payout option enables you
    to receive a guaranteed portion of the death benefit for life or a certain ...

  • Series 26 Study Guide - Variable Contracts - Features of Variable ...

    http://www.investopedia.com/exam-guide/series-26/variable-contracts/features-variable-annuities.asp
    ... Under this feature, the guaranteed minimum death benefit is typically the greater
    of the actual account value at time of death (or at an earlier policy ...

  • Series 6 Study Guide - Variable Contracts - Features of Variable ...

    http://www.investopedia.com/exam-guide/finra-series-6/variable-contracts/features-variable-annuities.asp
    ... Under this feature, the guaranteed minimum death benefit is typically the greater
    of the actual account value at time of death (or at an earlier policy ...

  • A Look At Single-Premium Life Insurance

    http://www.investopedia.com/articles/pf/05/SinglePremLife.asp
    ... premium life (SPL) is a type of life insurance in which a lump sum of money is paid
    into the policy in return for a death benefit that is guaranteed to remain ...

  • Intro To Insurance: Types Of Life Insurance | Investopedia

    http://www.investopedia.com/university/insurance/insurance8.asp
    ... surrendered. The premiums are usually level for the life of the insured and
    the death benefit is guaranteed for the insured's lifetime. ...

  • Vary Your Options With Variable Annuities And Insurance

    http://www.investopedia.com/articles/pf/08/variable-insurance.asp
    ... The advantage to this arrangement is that policy owners cannot lose any of the payout
    because they are guaranteed to receive the entire death benefit if no long ...

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