Voluntary Payroll Deduction Plan


Definition of "Voluntary payroll deduction plan"

Hovick  and  Lina  real estate agent
Hovick and Lina , Real Estate Agent ONE Real Estate

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.

Have a question or comment?
We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 
 

 

Popular Insurance Terms

Popular Insurance Questions