after a specific amount of time has passed, the pay-out is the guaranteed amount of a life insurance or segregated fund contract. After ten years have passed the contract’s specified beneficiary will typically receive a minimum amount.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
after a specific amount of time has passed, the pay-out is the guaranteed amount of a life insurance or segregated fund contract. After ten years have passed the contract’s specified beneficiary will typically receive a minimum amount.
This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
Powered by Black’s Law Dictionary, Free 2nd ed., and The Law Dictionary.