Minimum Benefit


Definition of "Minimum benefit"

Maritza Hernandez
  Empire Real Estate, LLC

Smallest face amount of life insurance that an insurance company will write on any one person.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Variable Survivorship Life Insurance

Policy that combines life insurance coverage on two lives and pays policy proceeds on the second per ...

Book Value Per Common Share

Value of a share of common stock, derived by dividing the total common stockholders' equity at the e ...

Expiration Notice

Written notice to an insured showing date of termination of an insurance policy. ...

Midi Tail

Automatically extended reporting period of five years, during which claims may be made after a claim ...

Payroll Audit

Insurance company's examination of an insured business's payroll records in order to determine the f ...

Deferred Retirement Credit

Former arrangement under which retirement benefits payable to an employee who continued to work beyo ...

Related Real Estate FAQ

What Is A Private Mortgage?

Private mortgage insurance is insurance that protects mortgage lenders against default on loans by p ...

What Is A Mortgage Insurance Premium (MIP)?

A mortgage insurance premium is a policy that insures the lender against loss if the homeowner defau ...

What Type Of A Home Is A Condominium?

A condominium is a form of home ownership in which the owner owns the airspace within the walls but ...

What Is Hazard Insurance?

Hazard insurance is insurance coverage that compensates for physical damage to a property from natur ...

What Happens When A Property Starts To Depreciate?

When a property depreciates it declines in the value of the property due to poor location, dilapidat ...

What Is An Agent?

A person authorized to work on anothers behalf-for instance, a person authorized to sell or buy a ho ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

What is Escrow and how does it Work? Should you Buy a Home with Cash? Foreclosure - The Pros and Cons of Buying 5 U.S. Cities with the Best Public Transportation 5 signs of house foundation problems

FAQ

What is an origination fee? What is a VA loan? What is a lease purchase mortgage? What does preapproved mean? What do I need to know about Watercraft Insurance?