What is the Definition of Spendthrift Trust Clause?

What is the Definition of Spendthrift Trust Clause?

Life insurance provision that protects policy payouts from the beneficiary’s creditors.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Spendthrift Trust Clause?

You can find random definition and meaning of insurance terms below:


What is the meaning of Premiums Net

is the amount calculated on the basis of the interest and mortality table used to calculate the reporting entity's statutory policy reserves.


What is the meaning of Premiums Written

total premiums generated from all policies (contracts) written by an insurer within a given period of time.


What is the meaning of Primary Insurance

coverage that takes precedence when more than one policy covers the same loss.


Thank you for visiting our website and read this FAQ article about "What is the Definition of Spendthrift Trust Clause?". We hope you get what you searching for.

definitionly.com is a website that contains information about the definition or meaning of a word. You can search for the terms you are looking for in the search field above.

Related Posts

Subscribe Our Newsletter