|
Home Page
Company Ratings
Apply
Paramed Exam
LongTermCare
OurProfile
Our Mission
ContactUs
Glossary
Table of Contents
Member of the Better Business Bureau
| |
 | Qualification Period: The period during
which the insured must be totally disabled before becoming eligible for
residual disability benefits.
| Qualified Impairment Insurance:
A form of substandard or special class insurance, which restricts benefits
for the insured person's particular condition.
| Qualified Plan: A plan which the Internal
Revenue Service approves as meeting the requirements of Section 401(a) of
the 1954 Internal Revenue Code. Such plans receive tax advantages.
| Qualified terminable
interest property: A category of property, created by the Economic
Recovery Tax Act, which by a deceased spouse's will entitles the surviving
spouse to all income from the property for life, with that income payable at
least annually, and precludes anyone including the spouse from appointing
the property to anyone else during the spouse's life. |
| | |
|
