from The American Heritage® Dictionary of the English Language, 4th Edition
- n. Insurance money payable to a deceased person's stipulated beneficiary.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. insurance or pension money payable to a beneficiary of a deceased
Sorry, no etymologies found.
Let’s say at age 35 a father buys a level-premium whole life policy with a death benefit of $100,000.