The death benefit is a lump sum of cash paid out by the life insurance company when you die. If youâve ever heard someone say, âI took out a one million dollar life insurance policy,â that one million dollars is the death benefit. The beneficiary is the person or organization that will receive the death benefit.
KHON signed on in 1952 as KONA-TV, an NBC affiliate owned by Herbert Richards. The Honolulu Advertiser purchased the station in 1954, and in 1956 the station was sold to Pacific and Southern Broadcasting, forerunner of Combined Communications. In 1965 the call letters were changed to the current KHON-TV.
In 2001, Shockley Communications was bought by Quincy Newspapers, owner of KTTC. However, Quincy could not buy KXLT due to Federal Communications Commission (FCC) rules governing duopolies. The FCC does not allow two of the four highest-rated stations to be owned by one company.