A mortality table in which the experience has been smoothed out by a formula.
A mortality table in which the experience has been smoothed out by a formula.
A clause in most Life Insurance policies which prevents the creditors of a beneficiary from claiming any of the benefits payable to him before he actually receives the money. The purpose of this clause is to keep those to whom he is in debt from taking legal action to require the insurer to pay the proceeds directly to them.
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