Pension Plan Termination Insurance

Definition of "Pension plan termination insurance"

Scott Dollinger real estate agent

Written by

Scott Dollingerelite badge icon

Keller Williams Realty

Coverage provided by the pension benefit guaranty corporation (pbgc) that guarantees participants a certain level of pension benefits even if the plan terminates without assets. The PBGC was authorized under the employee retirement income security act of 1974 (erisa). The insurance, paid for by employers, protects vested interest only.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Insurance Terms

Present value of a series of payments such that the first payment is due immediately, the second payment one period from hence, the third payment two periods hence, and so forth. The ...

Circumstance under which the insured maintains that, if an insurance policy covers at least two scheduled items of real or personal property, in the event of a loss applicable coverage ...

Minimum payments provided under a health insurance policy. ...

Method of valuing a reserve under which no reserve is established for a life insurance policy at the end of the first policy year, but reserves are established at the end of the second ...

Written notice, to be submitted by the claimant, required by the insurance company in the event of an insured peril. This notice is part of the standard property and casualty insurance ...

In insurance, volume of premiums written. Also describes commercial activities with the profit motive as the goal of the organization. Commercial insurance companies are organized with the ...

Insurance record showing the amount of insurance coverage placed on any one location. ...

Group of underwriters with Lloyd's of London who specialize in underwriting a particular risk such as hull insurance. ...

Cost of doing business, not including pure expectation of loss. ...

Popular Insurance Questions