insured plan
insured plan n: a pension or retirement plan managed by an insurance company under which contributions are used to purchase life insurance or annuities as a means of funding the benefits promised

Merriam-Webster’s Dictionary of Law. . 1996.

Look at other dictionaries:

  • insured plan — noun : a pension or retirement plan under which contributions are used to purchase life insurance or annuities as a means of funding the benefits promised …   Useful english dictionary

  • Plan termination — for ERISA defined benefit pension plans, is either the voluntary act of a pension plan sponsor who no longer believes that the costs of providing the pension outweighs its benefits, or the involuntary termination by the PBGC when the federal… …   Wikipedia

  • unfunded plan — noun : a pension or retirement plan under which the employer is free to finance payments to retired workers on a pay as you go basis compare insured plan, trusteed plan …   Useful english dictionary

  • self-administered plan — | ̷ ̷ ̷ ̷| ̷ ̷ ̷ ̷ ̷ ̷ noun : a pension or retirement plan administered by the employer or by the employer and a trustee jointly compare insured plan …   Useful english dictionary

  • uninsured plan — noun : a usually funded pension or retirement plan not providing for the guarantee of benefits by an insurance company compare insured plan …   Useful english dictionary

  • Hospitalization Benefits Plan — Alberta Hospitalization Benefits describes health law for the province of Alberta, Canada. Chapter 3, of the Hospitals Act, [Alberta Queens Printer. [http://www.qp.gov.ab.ca/documents/Acts/H12.cfm?frm isbn=0779749243 Hospitals Act] ] is the… …   Wikipedia

  • Compensating Balances Plan — A type of premium paid by an insured business. Compensating balances plans allow firms to subtract various expenses from the premiums that they pay to their carriers. This allows the business to divert this portion of the premium to a separate… …   Investment dictionary

  • The information in a summary annual report differs depending on whether the plan is an employee pension benefit plan or an employee welfare benefit plan but can include: — The information in a summary annual report differs depending on whether the plan is an employee pension benefit plan or an employee welfare benefit plan but can include: • The total expenses paid by the plan during the year. • The number of… …   Law dictionary

  • Yearly Renewable Term Plan of Reinsurance — A type of life reinsurance where mortality risks are transferred to a reinsurer. In the yearly renewable term plan of reinsurance, the primary insurer (the ceding company) yields to a reinsurer its net amount at risk (the difference between the… …   Investment dictionary

  • mutual plan — mutual insurance or mutual plan, a plan or method of insurance in which the persons who are insured jointly own and control the insurance society or company, protecting each other against loss by the payment of given amounts into a common fund,… …   Useful english dictionary

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