What Does Death Mean?
Death refers to the end of an individual's life when all vital functions of their body cease to work, such as brain function, heartbeat, and breathing. In terms of insurance, beneficiaries of a life insurance policy receive money upon the policyholder's death. In case there are no named beneficiaries, the insurance benefits become a part of the bereaved person’s estate, and it is then distributed as per probate laws.
Insuranceopedia Explains Death
In both life and health insurance policies, accidental death or double indemnity riders allow the beneficiaries to receive twice the face value of the policy if the policyholder dies in an accident or as a result of it. The exact qualifying conditions for accidental death are stipulated in each specific policy.
In another context, if survivors believe the death of a family member was due to the misconduct or negligence of another party, they may file a wrongful death lawsuit to receive compensation for various damages.