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Term Definition Insurance - agreements that protect against the losses resulting from death or disability.
Application in Divorce The dependent spouse.

A settlement agreement.

Normally, the beneficiary. An actuary can provide an estimate about the amount of insurance necessary to provide an umbrella of protection in the event of the supporting party’s death.

Term support and be taxable to the recipient, and person paying it may be able to deduct it under certain circumstances.

The logic behind disability insurance is the same as the logic behind life insurance.