What is another word for life insurance payments?
Pronunciation: [lˈa͡ɪf ɪnʃˈʊ͡əɹəns pˈe͡ɪmənts] (IPA) 
Life insurance payments are regular premiums paid to ensure that one's beneficiaries receive a sum of money upon the policyholder's death. Synonyms for life insurance payments include life insurance premiums, death benefit payments, life assurance payments, and survivor benefits. Life insurance premiums are the payments made either monthly or annually to maintain one's life insurance policy. Death benefit payments are usually a lump sum paid to the beneficiaries upon the policyholder's death. Life assurance payments provide financial security to loved ones in the event of the policyholder's death. Survivor benefits are paid to surviving family members, typically a spouse or children. Whatever the term used, these payments ensure financial protection and security for one's loved ones in the aftermath of their death.
