Salary Continuation Plan


Definition of "Salary continuation plan"

Maureen K. Flavin real estate agent
Maureen K. Flavin, Real Estate Agent Berkshire Hathaway HomeServices Chicago

Arrangement, often funded by life insurance, to continue an employee's salary in the form of payments to a beneficiary for a certain period after the employee's death. The employer itself may be the beneficiary, collecting the death benefit and making payments to the employee's beneficiary.

 

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