Glossary

 
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Qualified Buyer

Is normally an entity such as a financial institution that is generally excluded from the protection of state insurance and Life Settlement regulations.

 

Qualified Plan

Is an employee benefit plan that meets Internal Revenue Code requirements. The plan grants the employer a tax deduction for contributions it makes into the plan. Employees typically don’t pay tax on plan assets until the assets are distributed. Can be also known as a tax-qualified plan.

 
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