Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

Simultaneous Death Act

This law is typically enacted on a state or province level and it provides that, should the insured and the first beneficiary both die under such conditions that it is not possible to determine who died first, it will be deemed that the insured in fact survived the first (primary) beneficiary (unless there exists a clause in the policy to the contrary.

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Simplified Employee Pension (SEP)

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Single Premium Deferred Annuity (SPDA)

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