Tag: beneficiaries
Variable Death Benefit
What is 'Variable Death Benefit' The amount paid to a decedent's beneficiary that is dependent on the performance of an investment account...
Variable Life Insurance Policy
What is a 'Variable Life Insurance Policy' A variable life insurance policy is a form of permanent life insurance. Variable life insurance provides...
Generation-Skipping Trust
What is a 'Generation-Skipping Trust' A generation-skipping trust is a type of legally binding trust agreement in which the contributed assets are...
Joint Life With Last Survivor Annuity
What is 'Joint Life With Last Survivor Annuity' An insurance product that, when annuitized, makes payments to the annuitant, the annuitant and...