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
Information generated by the medical information bureau (MIB) and made available to member companies concerning medical information of applicants for life and health insurance. Member ...
Company not licensed by a particular state to sell and service insurance policies within that state. ...
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