What is Death Benefit Insurance?

Death benefit insurance is a type of life insurance that only provides a death benefit payout with no cash value inside your policy.

While permanent or whole life insurance may build cash value inside the policy, and provide a death benefit, term life insurance is death benefit only life insurance.

Term life is temporary life insurance lasting for a specific period of time.

If the insured person dies while the policy is In Force, the death benefit is paid out to the beneficiary of the insurance policy.

Because term life is temporary coverage and only provides a death benefit, it costs a lot less than whole or permanent life insurance plans.

Learn more about how death benefit insurance works.

Death Benefit Term Life Insurance

What is a death benefit for term life insurance?

Actually, term life insurance is temporary life insurance that provides coverage for a limited period of time.

Term life is death benefit coverage only, not an investment.

There is no cash value feature of a term life policy, it only provides a death benefit.

That’s why it is referred to as "Pure Protection", not an investment.

If the insured person dies during the term life policy term, while coverage is In Force, the death benefit is paid out to the beneficiary of the policy, subject to any exclusions stated in the policy.

Learn more about term life insurance death benefits.