Posts Tagged ‘Types’
Group Insurance 12 – Types of Registered Pension Plan
Group Insurance 12 – Types of Registered Pension Plan
A form of a trust that provides pension benefits for an employee of a company upon retirement. RPPs are registered with the government. The employee and employer, or just the employer make contributions to this retirement plan until the employee leaves the company or retires. Contributions to [...]
Types of Annuity & Life Insurance contracts
Types of Annuity & Life Insurance contracts
In its simplest form, an insurance policy is a contract between two parties. The first party, the insured, agrees to make one or more payments (premiums) to the second party, the insurer. The insurer in return agrees to make a payment (the amount of insurance) to the insured, if [...]
