life income plan
An investment strategy typically used by wealthy investors whereby either property or cash is transferred into a pooled income fund. This fund is sponsored by the receiver, typically a charity, in return for giving the donor a guaranteed lifetime income. Although the donor receives the income, the charity or other recipient will assume full ownership of the assets upon the death of the donor or of the last named beneficiary.
0
Other terms in this blossary
Creator
- zzcgood
- 100% positive feedback
(Wuhan, China)