death benefit
/dˈɛθ bˈɛnɪfˌɪt/
/dˈɛθ bˈɛnɪfˌɪt/
Etymology
English
This financial phrase joins death with benefit. In modern insurance and pension language, it refers to money a plan pays because a member or policyholder has died.
First known use
1867
1867, in the meaning defined above