What Does Death Benefit Only Life Insurance Plan Mean?

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What does Death Benefit Only Life Insurance Plan mean? Read on to discover the definition & meaning of the term Death Benefit Only Life Insurance Plan - to help you better understand the language used in insurance policies.

Death Benefit Only Life Insurance Plan

Death Benefit Only Life Insurance Plan

As the name suggests, a death benefit only life insurance plans or DBO plans offer a death benefit to the beneficiaries of a current employee in case of their death.

We hope the you have a better understanding of the meaning of Death Benefit Only Life Insurance Plan.

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