Life · Chapter 8 · Other Group Forms
Retired Lives Reserve (RLR)
Definition
Group product that continues life coverage into retirement: annual renewable term PLUS a reserve account that accumulates while working, then pays the term premiums after retirement. Employer contributions are tax-deductible; not taxed to the employee until used in retirement.
Easy to confuse with
These are what this term gets tested against — if you can't tell them apart cold, drill the contrast.
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