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Death benefit |
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Death benefit. A death benefit is money your beneficiary collects from your life insurance policy if you die while the policy is still in force. In most cases, the beneficiary receives the face value of the policy as a lump sum. However, the death benefit is reduced by the amount of any unpaid loans you've taken against the policy. Some retirement plans, including Social Security, also provide a one-time death benefit to your beneficiary at the time of your death. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Ohio National Financial Services in November 2006 strengthened its ONcore VA rider lineup with two new Guaranteed Minimum Income Benefit Plus riders and an Annual Reset Death Benefit Rider. B designated his estate as the sole beneficiary of any pre-retirement death benefit payable under Plan X. Here's that death benefit information you didn't request. |
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