Death in service


 

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Death in service

A life insurance policy which often attaches to a company pension scheme. The member is typically covered for three times his/her salary whilst remaining in the employ of the company and should death occur during this period (death in service), his/her dependants would receive the insured sum free of tax.



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1. A product that is not embodied in a physical good and that typically effects some change in another product, person, or institution. Contrasts with good. Trade in services is the subject of the GATS. 2. To make the scheduled payments on a debt, usually including both interest and amounts towards repayment of the principal. See debt service.


Further Suggestions

Trade in services
Financial service income
Moodys investors service
Nonfinancial services
Level debt service
Tax preparation services
Internal Revenue Service (IRS)
Denial of Service Attack
Fiscal agency services
Investors service bureau
Ethical Investment Research Service
Web service
Regulatory News Service
Debt service parity approach
Financial Services Act 1986
Service mark
Financial Services Compensation Scheme
Service charge
General Agreement on Trade in Services
Information services
Investment advisory service
Headquarters services
Customs Service
Debt service
Application Service Provider


 
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