Split Funded Plan
Retirement arrangement in which contributions are divided between allocated (insured) and unallocated funding instruments (an uninsured plan). It seeks to combine the advantages of guarantees-of-income of the allocated funding instrument with the investment flexibility (and possible higher yields) of an unallocated funding instrument. For example, 60% of contributions could be placed in a retirement income policy (or other permanent life insurance policy) and 40% in a deposit administration plan (or other fund held and invested by a trustee).
Popular Insurance Terms
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Law created by government regulatory agencies, such as the office of the commissioner of insurance, through decisions, orders, regulations, and rules. For example, rate making hearings ...
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Stipulations of the rights and obligations of an insured and an insurer under a policy. ...
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