Death benefits are financial payments made to beneficiaries upon the death of an insured person. These benefits are typically provided through life insurance policies, where the policyholder pays premiums to ensure that their loved ones receive a sum of money after their passing. This financial support can help cover funeral costs, debts, and living expenses for the beneficiaries. In addition to life insurance, some employer-sponsored retirement plans, like 401(k) accounts, may offer death benefits. These benefits ensure that the account balance is transferred to designated beneficiaries, providing them with financial security during a difficult time.