What does ICBC's Death Benefit coverage provide for beneficiaries?

The Death Benefit coverage provided by ICBC ensures that beneficiaries receive a specific financial amount to assist them following the loss of an insured individual. In this case, the correct amount is $5,000. This benefit serves to support beneficiaries during a difficult time, helping cover immediate expenses related to the passing, such as funeral costs or other associated expenses.

The specified amount of $5,000 reflects ICBC's commitment to providing a supportive financial resource, which can ease the burden on those left behind. Understanding the importance and purpose of this coverage is crucial for individuals considering insurance policies, as it highlights the protective measures in place for family and loved ones in case of unforeseen events.