Compensation Glossary

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Deferred Premium Arrangement

Also called a premium-delay arrangement, an agreement between an insurer and a group policy holder that lengthens the grace period of premiums on a permanent basis, usually by 30, 60, or 90 days. This agreement is usually only granted to companies with excellent credit ratings.
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Deferred Life Annuity

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Deferred Profit Sharing Plan (DPSP)

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