salary savings insurance

noun

variants or salary allotment insurance or less commonly salary deduction insurance

: an individual life insurance policy for which the premium is deducted from an employee's pay and remitted by the employer directly to the company

The Ultimate Dictionary Awaits

Expand your vocabulary and dive deeper into language with Merriam-Webster Unabridged.

1. Expanded definitions
2. Detailed etymologies
3. Advanced search tools
4. All ad-free

Discover what makes Merriam-Webster Unabridged the essential choice for true word lovers.

Start Your Free Trial Now