What is Death Benefit? | LIFE-HEALTH Exam Prep

A death benefit is the amount of money paid to beneficiaries upon the death of an insured person, typically the face amount of a life insurance policy. 📚 Learn more about Death Benefit and other key terms for your LIFE-HEALTH exam at Open Exam Prep. 🎯 This term appears on: LIFE-HEALTH 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Death Benefit definition: https://www.open-exam-prep.com/glossary/death-benefit 💡 Exam Tip: Death benefit is income tax-free to beneficiaries. Policy loans reduce the death benefit. --- #insurance #examprep #financeexam #life-health