Guaranteed Death Benefit is a provision commonly found in life insurance policies and certain annuity contracts. It ensures that a predetermined minimum amount will be paid to the beneficiaries upon the death of the policyholder or annuitant.
"Guaranteed Death Benefit" is a provision commonly found in life insurance policies and certain annuity contracts. It ensures that a predetermined minimum amount will be paid to the beneficiaries upon the death of the policyholder or annuitant.
This benefit is designed to provide financial security to loved ones, ensuring they receive a specified sum regardless of the policy's cash value, market performance, or any withdrawals made from an annuity prior to the policyholder's death.
For policyholders, the Guaranteed Death Benefit offers peace of mind. This provision ensures that beneficiaries have a safety net, irrespective of how the policy's investments have performed or how much has been withdrawn from it.
Guaranteed Death Benefit is a provision commonly found in life insurance policies and certain annuity contracts. It ensures that a predetermined minimum amount will be paid to the beneficiaries upon the death of the policyholder or annuitant.
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