If the policy's investments performed poorly or he died after age 65, the death benefit could be less than $1 million.
What does DB stand for?
DB stands for Death Benefit (insurance)
This definition appears very frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of DB
We have 60 other meanings of DB in our Acronym Attic
- David Blaine
- David Boreanaz (actor)
- David Bowie (musician)
- David Byrne (singer)
- Daytona Beach (Florida)
- Dead Body
- Deadbeat Parent (someone who does not pay child support)
Samples in periodicals archive:
The company eventually gets its premium money back, usually without interest, from the cash value in the policy if either it or the executive ends the split-dollar agreement, or from the death benefit if the executive dies.
Rather than requiring buyers to choose the benefits they want, Simplicity serves up a death benefit and minimum accumulation benefit that roll up at 1.