Adjustment Income

Adjustment Income

In insurance, income paid to the survivors of a household's primary earner until they are able to make necessary lifestyle modifications. For example, suppose a husband works full time and makes $100,000 per year while a wife works part time and makes only $25,000 per year. If the husband dies, his life insurance policy may provide adjustment income over and above the death benefit until the wife can recover emotionally, find a full-time job, and make other changes.
References in periodicals archive ?
In its recent published annual report, the country's central monetary authority and bank regulator said its pretax and preforeign exchange adjustment income hit P8.7 billion for last year.
Example 2-- Double Tax Caused by Transfer Pricing Adjustment Adjustment Income Tax Rate Tax Parent 70 40% 28 Subsidiary 50 30% 15 Totals 120 43
Excluding the adjustment income would have been off 1.2% to $59.5 million.