Nevada Revised Statutes 686C.125 – ‘Supplemental contract’ defined
Current as of: 2023 | Check for updates
|
Other versions
‘Supplemental contract‘ means a written agreement for the distribution of proceeds from a life or health insurance policy or contract or an annuity.
Terms Used In Nevada Revised Statutes 686C.125
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Contract: A legal written agreement that becomes binding when signed.