Old Line Legal Reserve Company
Definition of "Old line legal reserve company"
Commercial life insurers that operate on the legal reserve system as opposed to fraternal life insurance companies, many of which now operate on a legal reserve basis.
Popular Insurance Terms
Regulation set forth by the national association of insurance commissioners (naic) to govern life insurance sales illustrations. Includes the following major provisions: POLICY OWNER must ...
Part of a marine cargo policy that exempts the policyholder from vouching for the seaworthiness of the vessel. For example, while a purchaser of hull marine insurance warrants that a ship ...
Coverage in which premiums are collected monthly on an ordinary life insurance policy. ...
Provision applied as a rider attached to an ordinary life insurance policy for the purpose of meeting estate planning requirements. When the insured dies, the beneficiary is entitled to ...
Classification of occupations according to the degree of risk inherent in that occupation. ...
Analysis of uncertainty of financial loss. This classification can be according to whether a risk is fundamental, particular, pure, speculative, dynamic, or static. In life insurance the ...
Provision in the Federal Tax Code for favorable treatment of an estate. Under the unlimited marital deduction no federal estate tax is imposed on qualified transfers between a husband and ...
Benefits payable under any insurance policy or annuity contract. ...
Plan under which life insurance is substituted for retirement income. Under the plan, a married individual selects a single life annuity payout from the pension plan, which will generate ...
Comments for Old Line Legal Reserve Company
Wondering if you handle the Union LIfe Insurance Company owners of life insurance?
Jun 06, 2018 23:19:20Hey Virginia!
Jun 08, 2018 10:23:36Unfortunately, no. Although we do talk a lot about insurance, because it matters (a lot!) to real estate owners, we only connect homeowners to real estate agents, not insurance companies. But maybe try to find a local real estate agent on our real estate agents directory; they might have good insights to your problem and connect you with the right people. Good luck!
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