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Individual policy pension trust

A Type of Pension plan, frequently used for small groups, administered by trustees who are authorized to Purchase individual level premium Insurance policies or Annuity contracts for each member of the plan. The policies usually provide both life Insurance and retirement Benefit.

Related Terms: 16 ACH, Annuity, Authorize, Benefit, Contract, Insurance, ITS, Level premium insurance, Life insurance, Purchase, Pension, Pension plan, Retire, Trust, Type, UIT
Other Related Pages: Category: Retirement Starting With: I
Semi Related Terms: 582 CLICK HERE TO VIEW
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