Payroll Buyup Disability Insurance


Definition of "Payroll buyup disability insurance"

Basic group disability insurance policy for all employees purchased by the employer. In addition, the employer usually purchases an individual disability policy for key executives. Employees purchase supplemental group disability insurance for themselves.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

AITD

Trust deed. ...

Extended Term Insurance

Nonforfeiture option that uses the cash value of an ordinary life policy as a single premium to purc ...

Past Service Liability

Employer's obligation to fund a pension plan for the time period when employees were qualified to pa ...

Processing

Compiling and maintaining the file of information about the transaction, including the credit repor ...

Open Mortgage

A mortgage where the payments are overdue and open to a foreclosure action at any time. A mortg ...

Stepped-up Basis

An increase in the income tax basis of a property that is a result of a tax-free exchange. As a resu ...

Related Real Estate FAQ

What Is An Overall Debt Ratio?

An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-t ...

What Is A Loan Origination Fee?

A loan origination fee is a fee charged by the lender-usually 1 percent of the loan amount. ...

What Is A Ginnie Mae?

A Ginnie Mae is a name for the Government National Mortgage Association (GNMA), which is a governmen ...

What Is The APR For This ARM Loan?

This APR Calculator can be used to estimate the Annual Percentage Rate for a loan based on input par ...

What Does Fannie Mae Mean?

Fannie Mae is a name used by the Federal National Mortgage Association, which is a government-charte ...

What Is A Survey?

A survey is an examination of a property\'s boundaries to determine the quantity of land, location o ...

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 Must I Disclose When Selling My Home? What do Real Estate Attorneys do? What is Earnest Money What is the Best Time of Year to Buy a Home? How to become a real estate agent

FAQ

What does the Real Estate Settlement Procedures Act (RESPA) require? What is a buydown? What does a back-end ratio mean? What is the difference between being prequalified and preapproved for a loan? What is a second mortgage?