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Death benefit

• The amount payable to a beneficiary at the death of the annuitant or insured (sometimes referred to as the survivor benefit).

 
 Embedded terms in definition
 Annuitant
Beneficiary
 
 Related Terms
 Accumulated benefit obligation
Cost benefit ratio
Defined benefit plan
Equivalent annual benefit
Flat benefit formula
Net benefit to leverage factor
Pension benefit guaranty corporation
Projected benefit obligation
Unit benefit formula

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Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

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