noun
death benefit; life insurance payout
Refers to the sum paid to beneficiaries upon the death of the insured person under a life insurance policy.
この生命保険の死亡保障は一千万円です。
The death benefit of this life insurance policy is ten million yen.
生命保険 is the life insurance policy itself, while 死亡保障 is the specific death benefit provided by such a policy.
Compound of 死亡 (death) and 保障 (guarantee, security), directly describing the guaranteed payment upon death.