| Description |
| DEFRA Sum Disbursement Last 2 Years |
| Type : Currency |
| Definition |
| DEFRA refers to the Deficit Reduction Act of 1984 (DEFRA) legislation. The sum of the premiums paid into the policy since issue, with adjustments for disbursements and 'force-outs' (as defined by the Technical and Miscellaneous Revenue Act of 1988 (TAMRA) legislation). This is similar in concept to Cost Basis of the policy (Holding/Basis), but note that all values are not influenced by any taxable amounts (where cost basis is adjusted by nontaxable amounts). This is a U.S. specific property. |
| Parents |
| LifeUSA |