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What is the Definition of Spendthrift Trust Clause?

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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

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What is the Definition of Spendthrift Trust Clause?

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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.

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

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

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