Benefit


 

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Death benefit

Death benefit

The amount payable by a life insurance company to the beneficiaries on the death of the insured (the policyholder).


Living benefits

Living benefits

Life insurance benefits from which the insured can draw cash while still living, usually in the case of some high-cost illness.


Cafeteria employee benefit plan

Cafeteria employee benefit plan

In the US, a plan enabling employees to choose from a variety of benefits, depending on their own particular circumstances. Young employees for example will have different requirements to older employees.


Fixed benefits

Fixed benefits

Payments to a beneficiary that are paid in fixed preset amounts and are not variable.


Accumulated Benefit Obligation (ABO)

Accumulated Benefit Obligation (ABO)

An approximate measure of the liability of a pension plan in the event of a termination at the date the calculation is performed. Related: Projected benefit obligation.


Further Suggestions

Defined benefit plan
invalidity benefit
incapacity benefit
car benefit
equivalent pension benefit
Pension Benefit Guaranty Corporation
Benefit period
Incremental costs and benefits
death and superannuation benefit
Outcome (Benefit)
unemployment benefit
Pension Benefit Guaranty Corporation (PBGC)
benefits in kind
guaranteed death benefit
accrued benefits
Social benefit
Social Security benefits
final salary scheme (defined benefit scheme)
sickness benefit
Indirect diversification benefits
defined benefit pension plan
fringe benefits
family income benefit (family income assurance)
unfunded unapproved retirement benefits scheme
Unique Diversification Benefit


 
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