Some accounting definitions have to with estate law and some with employment law.  Here are some basic ones.  Death benefit.  This is the amount received by the beneficiary of a life insurance policy due to death.  This is generally the case when death occurs, but there are some policies that will pay if the insured is terminally ill.  In terms of employment law, one accounting process is being able to arrange am employee benefit plan.  The plan will consist of compensation agreements in writing detailed by the employers that will include, salary, wages, health and life benefits.  The larger the corporation, the better the benefits a lot of the time.  The benefits of working for a large corporation is that many offer profit sharing plans and 401k plans.