Variable Death Benefit

Variable Death Benefit

A benefit in some life insurance policies where the designated beneficiary is guaranteed a minimum death benefit and an additional benefit, depending on the performance of some investment portfolio. This allows the beneficiary the possibility of a much larger death benefit that she/he would otherwise receive. However, the minimum benefit can be smaller than normal death benefits paid in other life insurance policies. See also: Variable life insurance.
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* Option B -- Variable Death Benefit - is equal to the Face Amount plus the Policy Account Value.
New York Life achieves record sales in 2013
variable death benefit: A death benefit option in most variable life policies.
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New England Financial's new product offers a level or variable death benefit, 29 subaccounts and a minimum face amount of $25,000 to make it available to lower-paid workers.
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