Death benefits are financial payments made to beneficiaries when a policyholder passes away. These benefits are often provided through life insurance policies, retirement plans, or government programs. The purpose is to offer financial support to the deceased's family or dependents, helping them manage expenses during a difficult time. In the case of life insurance, the amount paid out is determined by the policy's coverage. Other sources of death benefits may include Social Security or pension plans, which can also provide financial assistance to eligible survivors. Understanding these benefits is essential for effective financial planning.