Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

Death Benefit Payments

The money to be paid when the insured under a life insurance policy dies. (It does not include adjustments for monies owed.) The first $5,000 of this amount is not taxed. This money may also represent the amount payable to the beneficiary of a retirement plan upon the death of the insured employee.
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