insurance payout
Policy benefit received
An insurance payout is money paid by an insurance company to a policyholder or beneficiary when a claim is approved.
The term typically appears in contexts involving significant sums—life insurance after a death, property damage after a disaster, or settlements for injuries: The insurance payout covered the cost of rebuilding.
She received a six-figure insurance payout after the accident.
- reimbursementPayment for incurred expenses
- death benefitPayment upon policyholder's passing
- beneficiaryDesignated asset receiver
- settlementResolved dispute or colony
- compensationPayment for services rendered
pain and suffering · insurer · indemnity · policyholder · actuary · appeals process · reserve fund · claim filing · claims adjuster · fine print · underwriting · claims · lump sum · big check · coverage · annuity · out of pocket · risk management
- incomesalary, earnings, income, wages, pay
- payoutsdisbursement, dividend, cash prize, reimbursement, bonus
- windfallsjackpot, windfall, grand prize, found money, big win
- financial reliefdebt relief, bailout, loan forgiveness, debt forgiveness, stimulus
- injury claimspersonal injury, injury claim, injury settlement, bodily harm, bodily injury
- money transfersbank transfer, wire transfer, fund transfer, electronic transfer, direct deposit
insurance payoutinsurance premium
Fee for coverage
premium payment · premium · monthly premium · deductible · co-payment