Method and system for providing insurance protection against loss of retirement accumulations in a tax favored defined contribution plan in the event of a participant's disability
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United States of America Patent
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Sep 26, 2006
Grant Date -
N/A
app pub date -
Jun 9, 1999
filing date -
Jun 10, 1998
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
A system and method for providing insurance protection against loss of contributions to tax favored defined contribution plans should an active employee/participant become disabled. The invention manages the administration of a disability insurance policy held inside the plan that continues contributions to the plan during a period of disability, where the coverage amount for each participant is determined by the level of contributions made by or for each participant.
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