Definition of Insurance on Decedent's Life?

Answer Insurance on a decedent's life is simply a life insurance policy or policies on someone who has died. Life insurance pays a cash benefit to a named beneficiary, or to the insured's estate if no... Read More »

Top Q&A For: Definition of Insurance on Decedent's Life

Definition of Imputed Life Insurance?

Imputed income is generally regarded by the Internal Revenue Service (IRS) as an employer benefit disguised as a tax break or tax benefit. The IRS allows some employer benefits to be deducted from ... Read More »

Definition of Life Insurance Stipulation?

A life insurance company uses various stipulations to ensure the company can reliably and predictably pay claims to beneficiaries. A stipulation, also called a "policy provision" is defined as "The... Read More »

The Definition of Variable Life Insurance?

Life insurance first developed in Europe circa the mid-1300s; and while many of its fundamentals persist relatively unchanged to this day, significant advancements in product design, sales techniqu... Read More »

What is the definition of term life insurance?

Term life insurance is coverage for a specific length of time. The person purchasing the insurance decides the length of the term, along with the monetary amount of the coverage.PurposeThe number o... Read More »