In the Medicaid program, preserve some income and assets for the spouse of a nursing home resident who is on Medicaid.
Insurance Encyclopedia
spousal IRA
Trust account established for an individual who is not covered by a qualified employee retirement plan. This account may be created by purchasing individual retirement annuities from an insurance company.
Spousal liability or marital extension
Refers to coverage afforded under most D&O, EPL, fiduciary, and similar insurance policies for claims against the spouse of an insured person if the claim against the spouse is solely by reason of the spouse’s legal status as a spouse of the insured person or because of the spouse’s ownership interest in property that the claimant seeks as recovery for alleged wrongdoing by the insured person. This coverage extension does not apply to the extent the claim against the spouse alleges wrongdoing by the spouse.
Spouse and children’s insurance rider
Endorsement to an insurance policy that provides insurance coverage for dependents (spouse and children).
Spouse’s Benefit
Payments to the surviving spouse of a deceased employee, usually in the form of a series of payments upon meeting certain requirements and usually terminating with the survivor’s remarriage or death.