- life income policy
- noun
: a life-insurance policy providing for a stated life income to the beneficiary beginning at the death of the insured
Useful english dictionary. 2012.
Useful english dictionary. 2012.
family income policy — noun : a term insurance policy on the life of a breadwinner providing special income benefits beyond the face amount that continue for the remainder of the child rearing period after the death of the insured … Useful english dictionary
Life assurance premium relief — (LAPR) is a United Kingdom taxation rule.It is a tax break that may apply to life assurance policies that provide for a capital sum to be paid on death, where the policy commenced prior to 14 March 1984. It is due in respect of premiums payable… … Wikipedia
Life insurance — The foundation of life insurance is the recognition of the value of a human life and the possibility of indemnification for the loss of that value. F. C. Oviatt, Economic place of insurance and its relation to society[1] Life insurance is a… … Wikipedia
Life insurance trust — A life insurance trust is a trust that is set up for the purpose of owning a life insurance policy. The idea is that if it is an ILIT, an irrevocable life insurance trust, that the trust itself is the policy holder and owner, the payer is the… … Wikipedia
Life insurance tax shelter — A life insurance tax shelter uses investments in life insurance to protect income or assets from tax liabilities. Life insurance proceeds are not taxable in many jurisdictions. Since most other forms of income are taxable (such as capital gains,… … Wikipedia
Income tax in India — The Indian Income Tax department is governed by the Central Board for Direct Taxes (CBDT) and is part of the Department of Revenue under the Ministry of Finance.The government of India imposes an income tax on taxable income of individuals, Hindu … Wikipedia
life insurance — insurance providing for payment of a sum of money to a named beneficiary upon the death of the policyholder or to the policyholder if still living after reaching a specified age. [1800 10] * * * Method by which large groups of individuals… … Universalium
Policy — This article is about policies in general. For government policy, see Public policy. For other uses, see Policy (disambiguation). A policy is typically described as a principle or rule to guide decisions and achieve rational outcome(s). The term… … Wikipedia
Life Insurance — A protection against the loss of income that would result if the insured passed away. The named beneficiary receives the proceeds and is thereby safeguarded from the financial impact of the death of the insured. The goal of life insurance is to… … Investment dictionary
Income protection insurance — (IPI) is a UK insurance policy paying benefits to policyholders who are incapacitated and hence unable to work due to illness or accident. IPI policies were formerly called Permanent Health Insurance (PHI).Relevant concepts* Incapacity will be… … Wikipedia