What does Full Vesting mean? Read on to discover the definition & meaning of the term Full Vesting - to help you better understand the language used in insurance policies.
Full vesting, in the context of insurance, is the granting of absolute rights to a claim or benefits to the person entitled to them. It is a process wherein employees are granted full rights to the benefits of a stock option, retirement plan, or profit-sharing scheme after working in a company for a particular number of years.
We hope the you have a better understanding of the meaning of Full Vesting.