What does Additional Death Benefit mean? Read on to discover the definition & meaning of the term Additional Death Benefit - to help you better understand the language used in insurance policies.
Additional Death Benefit
An additional death benefit is a death benefit paid to a beneficiary as a supplement to a normal death benefit. In other words, additional death benefits provide extra sums in the event of the policyholder's death. However, some particular circumstances must usually be met in order for the additional death benefit to be approved.
We hope the you have a better understanding of the meaning of Additional Death Benefit.