insured plan
noun
: a pension or retirement plan managed by an insurance company under which contributions are used to purchase life insurance or annuities as a means of funding the benefits promised
Cite this Entry
“Insured plan.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/insured%20plan. Accessed 31 Oct. 2025.
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