Self-Employed Individuals Retirement Act

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What does Self-Employed Individuals Retirement Act mean? Read on to discover the definition & meaning of the term Self-Employed Individuals Retirement Act - to help you better understand the language used in insurance policies.

Self-Employed Individuals Retirement Act

Self-Employed Individuals Retirement Act

Passed by Congress in 1962, this Act enables self-employed persons to establish qualified retirement plans similar to those available to corporations.

More Insurance Terms And Definitions

The Merriam-Webster Dictionary defines insurance as:

a: The business of insuring persons or property.

b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.

c: The sum for which something is insured.

We hope the you have a better understanding of the meaning of Self-Employed Individuals Retirement Act. If you are looking for the meanings of other important insurance terms and their definitions, just click on the letter below to find the words & concepts you are looking for:

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