ordinary life pension trust
Definition
A pension plan that gets funding from a trust. This type of pension plan provides death benefits for participating employees through life insurance contracts that are purchased for them. The trust will pay the premium amount on the life insurance policy until the employee retires, then uses the paid up insurance policy's value to purchase retirement benefits.
Related Articles
- Explanation of the Balance Sheet *
- ETFs Ease Tax Headaches *
- Budgeting and Saving: Quicken v. Microsoft Money *
- Benefits and Risks Associated with Bonds *
- The CANSLIM Stock Strategy *
- Which High Return Investment Is Right For Your Retirement Savings? *
- Introduction to the Federal Reserve and its Structure *
- What is Investing? *
Related Videos
http://www.businessdictionary.com/definition/ordinary-life-pension-trust.html
