What Is The Death Benefit Of A Life Insurance Policy? 
The death benefit of a life insurance policy is the amount of money that the life insurer will pay the named beneficiary -LRB- ies -RRB- upon the death of the insured of the contract . For example , if the stated death benefit of a policy is $ 1,000,000 . The the insurer will pay the beneficiary -LRB- ies -RRB- $ 1,000,000 if the insured dies while the policy is in force . 