Rule Against Accumulations


Definition of "Rule against accumulations"

Bill  Eacrett real estate agent
Bill Eacrett, Real Estate Agent Dipietro Group RE

State laws that prohibit for an unreasonable period of time the accumulation of income under the option modes of settlement of a life insurance policy unless the beneficiary of the policy is a minor; thus, if the interest option is selected under the optional modes of settlement, the beneficiary must be a minor.

 

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