Voluntary Payroll Deduction Plan

Definition of "Voluntary payroll deduction plan"

Program through which employees purchase individual life insurance and disability income insurance by having the employer reduce their income by the required insurance premium. Since the policies are individual policies, paid for totally by the employees, the policies are portable and not a function of employment.

Search Real Estate Glossary

Related Real Estate Glossary terms

Family Coverage

Insurance coverage for the named insured and his or her eligible dependents. ...

Certificate Of Title

An attorney's opinion of the status of a title, which is attached to the abstract of title. ...

Valuation Period

For a variable annuity, the period of time from the close of business on the first business day to t ...

Trust

An agreement in which the trustee takes title of the property ( called corpus) owned by the grantor ...

Housing And Urban Development Department (HUD)

Created by Congress in 1965, the U.S. HUD is the agency principally responsible for federal programs ...

Annuity Payment Option

Series of payments made on either a FIXED DOLLAR ANNUITY basis or VARIABLE DOLLAR ANNUITY basis. ...

Related Real Estate FAQ

What Is A Mortgagor?

A mortgagor is the borrower. ...

What Is Homeowners Insurance?

Homeowners insurance is an insurance policy that combines personal liability insurance and hazard in ...

What Is Principal?

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

What Is A Subdivision?

A subdivision is a piece of land divided into several plots in which homes are built. ...

Why Do People Refinance?

People finance to obtain a new loan in order to pay off the existing mortgage or to gain access to t ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

What do Real Estate Attorneys do? Real Estate Open House - The Dos and Don How To Choose A Realtor What is the Best Time of Year to Buy a Home? 6 Reasons you are not selling properties

FAQ

What do I need to know about Watercraft Insurance? How Much Can I Afford ? What does an appraisal mean? What is a Buildable acre? What is a principal?