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

Permanent Whole Life Insurance Definition?

One of the first decisions anyone in the market for life insurance must make is whether to choose term or permanent whole life. While term life insurance is cheaper, permanent whole life offers add... Read More »

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 »