Rule Against Accumulations


Definition of "Rule against accumulations"

Joe  Kasel
Joe Kasel Coldwell Banker Burnet

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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