What is another word for life insurance payment?
Pronunciation: [lˈa͡ɪf ɪnʃˈʊ͡əɹəns pˈe͡ɪmənt] (IPA) 
Life insurance payment can also be referred to as death benefit, life assurance payout, survivor benefit, death claim, or life insurance settlement. These terms all refer to the payment made to the beneficiaries of a life insurance policy upon the death of the policyholder. The amount paid out is determined by the coverage amount of the policy and the terms and conditions specified by the insurance company. Regardless of the term used, the purpose of a life insurance payment is to provide financial support to those left behind after the loss of a loved one.
