benefit insurance

benefit insurance
See benevolent association; mutual benefit society.

Ballentine's law dictionary. . 1998.

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  • Family Income Benefit Insurance — pays a monthly income if the policyholder dies whilst the policy is in force. The monthly income will continue at the level specified in the policy until the policy s termination date. These payments can either be index linked to rise to in line… …   Wikipedia

  • benefit — ben·e·fit n 1: something that provides an advantage or gain; specif: an enhancement of property value, enjoyment of facilities, or increase in general prosperity arising from a public improvement general benefit: a benefit to the community at… …   Law dictionary

  • Insurance in the United States — refers to the market for risk in the United States of America. Some main features of insurance could be said to be, *the benefit provided by a particular kind of indemnity contract, called an insurance policy; *that is issued by one of several… …   Wikipedia

  • insurance — in·sur·ance /in shu̇r əns, in ˌshu̇r / n 1: the action, process, or means of insuring or the state of being insured usu. against loss or damage by a contingent event (as death, fire, accident, or sickness) 2 a: the business of insuring persons or …   Law dictionary

  • benefit in kind — ˌbenefit in ˈkind noun benefits in kind PLURALFORM [countable] HUMAN RESOURCES something other than money, for example free meals or a company car, that an employer gives to a worker in addition to their normal pay: • All benefits in kind are now …   Financial and business terms

  • benefit — ► NOUN 1) advantage or profit. 2) a payment made by the state or an insurance scheme to someone entitled to receive it, e.g. an unemployed person. 3) a public performance to raise money for a charity. ► VERB (benefited or benefitted, benefiting… …   English terms dictionary

  • benefit — [ben′ə fit, ben′əfət] n. [ME benefet < OFr bienfait, a kindness < L benefactum, meritorious act < benefacere: see BENEFACTION] 1. Archaic a kindly, charitable act; benefaction 2. a) gain or advantage [tax legislation for the benefit of… …   English World dictionary

  • Benefit society — A society or association formed for mutual insurance, as among tradesmen or in labor unions, to provide for relief in sickness, old age, and for the expenses of burial. Usually called {friendly society} in Great Britain. [Webster 1913 Suppl.] …   The Collaborative International Dictionary of English

  • benefit dollar — UK US noun [C, usually plural] HR ► in the US, money that an employer gives to an employee in addition to their salary in order to buy things such as medical insurance or child care: »Any benefit dollars that an employee does not use to purchase… …   Financial and business terms

  • benefit society — or benefit association n. an organization which, by means of dues, secures for its members certain benefits, such as life insurance, hospitalization, etc …   English World dictionary

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