Definition of "Spinout"
Method of terminating a split dollar life insurance policy in which the company transfers its interest in the life insurance policy to the insured employee. Through such a transfer, the insured employee incurs a tax liability on the policy's transferred value.
Popular Insurance Terms
Chart published in 1868 by Sheppard Homans, an actuary with the Mutual Life Insurance Company of New York, based on insured lives from 1843 to 1858. Historically, it was widely used for ...
Homeowners policy to cover the owner of a townhouse. ...
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Method of terminating a split dollar life insurance policy in which the company transfers its interest in the life insurance policy to the insured employee. Through such a transfer, the ...
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Actual morbidity experience of an insured group as compared to the expected morbidity for that group. ...
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