TERMIUM Plus^®

Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 CONT

What is split dollar life insurance? Exempt life insurance is comprised of an insurance protection component and a tax-deferred investment component. The split dollar concept recognizes that these components can be matched to the parties that require a particular benefit with each party entitled to an interest in the contract. The advantages of sharing the costs and benefits of one life insurance contract over each party owning individual policies are that the parties only purchase the aspect of the policy they want or need, which can result in cost savings and increased rates of return.  1, record 1, English, - split%20dollar%20life%20insurance

Record 1,  Textual support,  French

Record number: 1, Textual support number: 1 CONT

En quoi consiste l'assurance vie à prime partagée? Un contrat d'assurance vie exonéré se compose d'un élément protection d'assurance et d'un élément placement avec report d'impôt. Dans le cadre du concept de prime partagée, ces éléments peuvent être rattachés à chacune des parties selon les avantages qu'elles recherchent, chaque partie possédant un intérêt dans le contrat. Pour les parties, il est plus avantageux de répartir entre elles les coûts et les garanties d'un contrat d'assurance vie unique au lieu de souscrire chacune un contrat, car chacune achète alors uniquement l'élément du contrat qu'elle souhaite ou dont elle a besoin, ce qui se traduit par une économie de coût et un rendement accru.  1, record 1, French, - assurance%20vie%20%C3%A0%20prime%20partag%C3%A9e

Record 1,  Textual support,  Spanish

Record 2,  Textual support,  English

Record number: 2, Textual support number: 1 DEF

A life insurance contract that is not restricted with respect to the time that it remains in effect and that has a cash surrender value.  3, record 2, English, - whole%20life%20insurance

Record number: 2, Textual support number: 1 OBS

whole life insurance: not to be confused with "term life insurance."  4, record 2, English, - whole%20life%20insurance

Record number: 2, Textual support number: 2 OBS

whole-life assurance: term extracted from the "Glossaire de l’économie" and reproduced with permission of the Organisation for Economic Co-operation and Development.  5, record 2, English, - whole%20life%20insurance

Record 2,  Textual support,  French

Record number: 2, Textual support number: 1 DEF

Type d'assurance-vie couvrant la vie entière de l'assuré, qui garantit le versement d'un capital aux ayants droit de ce dernier à son décès et dont une partie de la prime, après un certain temps, donne lieu à un placement correspondant à la «valeur de rachat» du contrat.  2, record 2, French, - assurance%2Dvie%20enti%C3%A8re

Record number: 2, Textual support number: 1 OBS

assurance vie-entière : terme extrait du «Glossaire de l'économie» et reproduit avec l'autorisation de l'Organisation de coopération et de développement économiques.  3, record 2, French, - assurance%2Dvie%20enti%C3%A8re

Record 2,  Textual support,  Spanish

Record number: 2, Textual support number: 1 DEF

Modalidad de seguro de vida por la que se garantiza el pago de un capital inmediatamente después del fallecimiento del asegurado, sea cual fuere la fecha en que ocurra dicho fallecimiento.  1, record 2, Spanish, - seguro%20de%20vida%20entera

Record 3,  Textual support,  English

Record number: 3, Textual support number: 1 DEF

A life insurance contract in which the amount specified in the policy is payable on the earlier of the death of the insured or the maturity date stipulated in the policy.  5, record 3, English, - endowment%20life%20insurance

Record 3,  Textual support,  French

Record number: 3, Textual support number: 1 DEF

Contrat d’assurance vie garantissant le paiement d’un capital déterminé à une date convenue si l’assuré est en vie, ou à son décès si celui-ci se produit avant le terme convenu.  1, record 3, French, - assurance%20vie%20mixte

Record number: 3, Textual support number: 1 OBS

Lorsque le contexte le permet, assurance mixte s'abrège. Ex.: La mixte comporte un fort élément de capitalisation.  3, record 3, French, - assurance%20vie%20mixte

Record 3,  Textual support,  Spanish

Record number: 3, Textual support number: 1 DEF

Modalidad de seguro de vida integrada por un seguro de ahorro y un seguro de riesgo, en virtud de la cual, si el asegurado fallece antes del plazo previsto, se entregará a sus beneficiarios la indemnización estipulada, y si sobrevive a dicho plazo se le entregará a él el capital establecido por el contrato.  1, record 3, Spanish, - seguro%20mixto

Record 4,  Textual support,  English

Record number: 4, Textual support number: 1 DEF

A pension plan in which all benefits are paid by means of an annuity or insurance contract issued by a person authorized to carry on a life insurance business in Canada and under which the person is obligated to pay all the benefits set out in the plan.  2, record 4, English, - insured%20pension%20plan

Record 4,  Textual support,  French

Record number: 4, Textual support number: 1 DEF

Régime dont toutes les prestations sont versées aux termes d'un contrat de rente ou d'assurance accordé par une personne autorisée à exploiter une entreprise d'assurance-vie au Canada et selon lequel cette personne est tenue de verser toutes les prestations prévues dans le régime.  2, record 4, French, - r%C3%A9gime%20de%20retraite%20garanti

Record number: 4, Textual support number: 1 OBS

régime de retraite garanti et régime garanti sont les termes utilisés au Québec.  4, record 4, French, - r%C3%A9gime%20de%20retraite%20garanti

Record 4,  Textual support,  Spanish

Record 5,  Textual support,  English

Record number: 5, Textual support number: 1 CONT

This Schedule does not apply in respect of(a) an insured plan or a plan in respect of which all benefits are provided through an annuity contract issued by the Government of Canada; or(b) investments held in an unallocated general fund of a person authorized to carry on a life insurance business in Canada.  1, record 5, English, - unallocated%20general%20fund

Record 5,  Textual support,  French

Record number: 5, Textual support number: 1 CONT

La présente annexe ne s'applique pas : a) aux régimes assurés et aux régimes dont toutes les prestations sont versées au moyen d'un contrat de rente émis par le gouvernement du Canada; b) aux placements détenus dans un fonds général non réparti d'une personne autorisée à effectuer des opérations d'assurance-vie au Canada.  1, record 5, French, - fonds%20g%C3%A9n%C3%A9ral%20non%20r%C3%A9parti

Record 5,  Textual support,  Spanish

Record 6,  Textual support,  English

Record number: 6, Textual support number: 1 DEF

A contract in which the payment of a benefit is dependent on the collection of an assessment levied on persons holding similar contracts.  2, record 6, English, - assessment%20contract

Record number: 6, Textual support number: 1 CONT

assessment contract.-Contracts issued by a mutual assessment life, accident and sickness insurer shall be on forms prescribed by the insurer and shall be substantially uniform among members of the respective classes of insurance written by the insurer.  3, record 6, English, - assessment%20contract

Record 6,  Textual support,  French

Record number: 6, Textual support number: 1 CONT

La société ou consortium en charge du contrat d'évaluation désigne un ou plusieurs contrôleur(s) de qualité qui vérifient soigneusement la qualité de chaque rapport avant leur livraison au gestionnaire de l'évaluation.  1, record 6, French, - contrat%20d%27%C3%A9valuation

Record 6,  Textual support,  Spanish

Record 7,  Textual support,  English

Record number: 7, Textual support number: 1 DEF

That type of life insurance which covers in one contract usually only one insured, but which sometimes covers several insureds, such as the members of a family.  1, record 7, English, - individual%20life%20insurance

Record 7,  Textual support,  French

Record 7,  Textual support,  Spanish

Record number: 7, Textual support number: 1 DEF

Aquel en que el asegurado es una sola persona física sobre cuya vida se contrata el seguro.  1, record 7, Spanish, - seguro%20individual%20de%20vida

Record 8,  Textual support,  English

Record number: 8, Textual support number: 1 CONT

Wet Ink Policies. After the [life insurance] policy is issued, the insured person will sell his policy, or multiple policies from different insurance companies, sometimes within weeks, to a settlement provider using a broker. This is referred to as a "wet ink policy" because the ink on the contract is still "wet" when the policy is sold.  1, record 8, English, - wet%2Dink%20policy

Record 8,  Textual support,  French

Record number: 8, Textual support number: 1 OBS

Selon l'équipe de traducteurs de l'Association canadienne des compagnies d'assurance de personnes, il s'agit d'une police d'assurance fraîchement souscrite revendue à un tiers.  1, record 8, French, - police%20revendue%20d%C3%A8s%20l%27%C3%A9mission

Record 8,  Textual support,  Spanish

Record 9,  Textual support,  English

Record number: 9, Textual support number: 1 CONT

Insurance terms, age limits. The insurance lasts from the contract commencement date till the death of the person. The insurance can be effected for the life of any person between ages 70.  1, record 9, English, - contract%20commencement

Record 9,  Textual support,  French

Record number: 9, Textual support number: 1 DEF

Entrée en vigueur d'un contrat d'assurance.  1, record 9, French, - prise%20d%27effet%20d%27un%20contrat

Record number: 9, Textual support number: 1 OBS

La prise d'effet d'un contrat peut être immédiate ou différée, ferme ou conditionnelle.  1, record 9, French, - prise%20d%27effet%20d%27un%20contrat

Record number: 9, Textual support number: 2 OBS

prise d'effet d'un contrat : terme normalisé par l'AFNOR. Extrait de la norme NF-K40-001, reproduite avec l'autorisation de l'AFNOR.  2, record 9, French, - prise%20d%27effet%20d%27un%20contrat

Record 9,  Textual support,  Spanish

Record 10,  Textual support,  English

Record number: 10, Textual support number: 1 DEF

A life insurance contract that provides that for the consideration of a premium paid only once, the insurance company will assume the liability on the contract.  3, record 10, English, - single%20premium%20insurance

Record number: 10, Textual support number: 1 CONT

This innovative company is succeeding in convincing customers to repay millions of dollars on their loans and is at the same time generating massive new sales of single-premium life insurance, which is both liquid and nontaxable under the new law.  2, record 10, English, - single%20premium%20insurance

Record 10,  Textual support,  French

Record 10,  Textual support,  Spanish

Record 11,  Textual support,  English

Record number: 11, Textual support number: 1 CONT

Split Equity Contract similar to the en viager method used in France, involves the actual sale of the property by the homeowner. There is no mortgage. The homeowner retains the right to rent-free occupancy for a specified number of years or life. The purchase price would be determined by the expected future value of the property discounted by its rent-free use, interest, and the specific or expected time lapse before actual possession. This could be a life mortality consideration. The proceeds of the sale could be invested to yield income or, alternatively, used to buy a Life Annuity from an insurance company.  2, record 11, English, - split%20equity%20contract

Record 11,  Textual support,  French

Record 11,  Textual support,  Spanish

Record 12,  Textual support,  English

Record number: 12, Textual support number: 1 CONT

In 1947 there were 6,141 employers who had group life insurance contracts covering 635,000 employees. In 1969 there were 48,800 group life contracts in force covering more than 15 million individuals and providing over $50 billion of life insurance with annual premiums of $290 million.  1, record 12, English, - group%20life%20insurance%20contract

Record number: 12, Textual support number: 1 OBS

Group life insurance may be described simply as insurance covering the lives of a number of persons, such as employees of one employer, by a single contract.  2, record 12, English, - group%20life%20insurance%20contract

Record 12,  Textual support,  French

Record number: 12, Textual support number: 1 CONT

En 1947, 6,141 employeurs avaient des contrats collectifs en vigueur, sur la tête de 635,000 employés. En 1969, il y avait 48,800 contrats d'assurance-vie collective en vigueur, couvrant au delà de 15 millions de personnes et représentant plus de $50 milliards d'assurance-vie dont les primes annuelles dépassaient $290 millions.  1, record 12, French, - contrat%20d%27assurance%2Dvie%20collective

Record 12,  Textual support,  Spanish

Record 13,  Textual support,  English

Record number: 13, Textual support number: 1 DEF

The difference between the face amount of a Life Insurance contract and the policy reserve for permanent plans of insurance. The net amount at risk declines throughout the life of the contract. It is the amount the insurer would have to draw from its mortality funds were the contract to become a death claim.  2, record 13, English, - amount%20at%20risk

Record 13,  Textual support,  French

Record number: 13, Textual support number: 1 DEF

Différence entre le capital assuré et la valeur de la réserve à la même époque (...)  1, record 13, French, - capital%20de%20risque

Record 13,  Textual support,  Spanish

Record 14,  Textual support,  English

Record number: 14, Textual support number: 1 OBS

The life insurance contract is governed by the general principles applicable to all forms of contracts, to which must be added provisions special to life insurance contracts.  2, record 14, English, - life%20insurance%20contract

Record 14,  Textual support,  French

Record number: 14, Textual support number: 1 OBS

Le contrat d'assurance sur la vie est régi par les principes généraux applicables à l'ensemble des contrats, auxquels principes viennent se greffer des dispositions particulières aux contrats d'assurance sur la vie.  3, record 14, French, - contrat%20d%27assurance%20sur%20la%20vie

Record 14,  Textual support,  Spanish

Record 15,  Textual support,  English

Record number: 15, Textual support number: 1 CONT

The fundamental principle of an equity-linked contract is that the insured frees the life insurance company from all risk of a fall in the value of the assets covering the equity-linked part of the contract.  2, record 15, English, - equity%2Dlinked%20contract

Record 15,  Textual support,  French

Record 15,  Textual support,  Spanish

Record 16,  Textual support,  English

Record number: 16, Textual support number: 1 OBS

The contingent owner is the person designated by the owner of a third-party insurance contract to become the primary owner of the contract either upon the death of the person who makes this nomination before the death of the life insured or on occasion at some point during the lifetime of that owner.  1, record 16, English, - contingent%20owner

Record 16,  Textual support,  French

Record number: 16, Textual support number: 1 OBS

Le propriétaire subrogé est la personne désignée par le propriétaire d'un contrat d'assurance tripartite pour devenir propriétaire principal du contrat, soit en cas du décès de celui qui effectue cette désignation avant le décès de l'assuré, soit du vivant du propriétaire.  1, record 16, French, - propri%C3%A9taire%20subrog%C3%A9

Record 16,  Textual support,  Spanish

Record 17,  Textual support,  English

Record number: 17, Textual support number: 1 OBS

It is equally possible, in the case of third-party insurance where the owner of the contract is not the life assured, to designate a beneficiary either on the death of the life assured or upon maturity of the contract by endowment, a beneficiary who would be a person other than the owner of the contract.  1, record 17, English, - contract%20by%20endowment

Record 17,  Textual support,  French

Record number: 17, Textual support number: 1 OBS

Il lui est également possible, dans le cas d'assurance tripartite où le propriétaire du contrat n'est pas l'assuré, de désigner un bénéficiaire tant au décès de l'assuré qu'à l'échéance du contrat par dotation, bénéficiaire qui serait une personne autre que lui-même.  1, record 17, French, - contrat%20par%20dotation

Record 17,  Textual support,  Spanish

Record 18,  Textual support,  English

Record number: 18, Textual support number: 1 OBS

This type of group insurance contract assumes that the employee contributions are used to purchase units of paid-up life insurance. Each employee is insured for an amount of insurance according to a schedule stated in the master contract and the employer is required to contribute the amount necessary to purchase the difference between the amount of the paid-up life insurance purchased up to that time on the life of an employee and the amount stated in the schedule of insurance.  1, record 18, English, - group%20paid%2Dup%20life%20insurance

Record 18,  Textual support,  French

Record number: 18, Textual support number: 1 OBS

Dans ce genre d'assurance collective, on impute les contributions des employés à l'achat d'unités d'assurance Vie libérée. Chaque employé est assuré pour un montant qui est indiqué au tableau des montants d'assurance dans la police universelle et l'employeur contribue le montant qui comblera la différence entre le montant d'assurance Vie libérée constitué jusqu'à cette époque sur la tête d'un employé et le montant qu'indique le tableau des montants d'assurance.  1, record 18, French, - assurance%20vie%20lib%C3%A9r%C3%A9e

Record 18,  Textual support,  Spanish