Category Archives: D – Asuransi Jiwa

deductible

A feature included in a medical expense insurance policy that requires the insured to pay a flat dollar amount of eligible medical expenses before the insurer begins making any benefit payments under the policy

default annuity

An annuity contract in which periodic income payments are scheduled to begin more than one annuity period after the contract’s issue date. Contrast with immediate annuity

defined benefit formula

A benefit formula specifying the amount of retirement benefits a plan sponsor  promises to provided to each plan participant. Contrast with defined contribution formula

defined benefit plan

A retirement plan structured according to a defined benefit formula . Contrast with defined contribution plan

defined contribution formula

A benefit formula which specifies the level of cotributions that the plan sponsor promises to make to the plan but not the benefits to be paid. Contrast with defined benefit formula

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