Benefits offered to an employee, by his employer, covering such contingencies as medical expenses, disability, retirement, and death, which are usually paid for wholly or in part by the employer. These benefits are usually insured.
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A rider on a Life Insurance policy providing that, in the event of the death of the insured within a specified period of time, the policy will pay, in addition to the face amount, an amount equal to the sum of all premiums paid to date. This is a form of Increasing Term Insurance and is used as a sales tool.