Search Investopedia

Variable Death Benefit

Filed Under » ,
Dictionary Says

Definition of 'Variable Death Benefit'

The amount paid to a decedent's beneficiary that is dependent on the investment performance of an insurance company's separate account.
Investopedia Says

Investopedia explains 'Variable Death Benefit'

The amount is added to any guaranteed minimum death benefit.

Related Definitions

  •

    Life Insurance

    A protection against the loss of income that would result if the insured passed away. The named beneficiary receives the proceeds and is thereby safeguarded from the financial impact of ...
    Read More »

  • Variable Life Insurance Policy

    A form of permanent life insurance, Variable life insurance provides permanent protection to the beneficiary upon the death of the policy holder. This type of insurance is generally the ...
    Read More »

  • Death Benefit

    The amount on a life insurance policy or pension that is payable to the beneficiary when the annuitant passes away. Also known as "survivor benefit".
    Read More »

    • Beneficiary

      A person or entity named in a will or a financial contract as the inheritor of property when the property owner dies.
      Read More »

    • Dread Disease Rider

      A special addition to a life insurance policy that gives a percentage of the death benefit to the policy holder if he or she is diagnosed with a serious disease, such as cancer or heart ...
      Read More »

    • Life Expectancy

      1. The age until which a person is expected to live. 2. The remaining number of years an individual is expected to live, based on IRS issued life expectancy tables. The life expectancy, ...
      Read More »

    • Accidental Death Benefit

      The payment due to the beneficiary of an accidental death insurance policy, which is often a clause or a rider connected to a life insurance policy. The accidental death benefit is ...
      Read More »

    • Adjustment Income

      Income paid to the dependent(s) of a primary wage earner in the event of his or her death. These funds, usually provided through life insurance policies, are intended to provide ...
      Read More »

    • Terminally Ill

      A person who is sick and is diagnosed with a disease that will take their life. This person is usually told by doctors that they only have several months or years to live. Terminally ill ...
      Read More »

Articles Of Interest

Sponsored links
Hot Definitions
Partner Links
Suggested Definitions