For the Nassau County assessment roll and for the New York City assessment roll the residential properties for the residential ratio are designated as major type 1 (real property class 1) instead of as major type A.
A. The death benefit is a lump sum, paid upon the death of a person who worked long enough to qualify for Social Security benefits. It goes to a surviving spouse who was living in the person's household at the time of death, or, if living apart, was receiving certain Social Security benefits on the deceased's record.
Guaranteed universal life insurance is a particular type of life insurance that offers a guarantee on the death benefit proceeds of the policy. A guaranteed universal life, called guaranteed UL, ensures that your death benefit will not terminate if there is insufficient cash value to support the death benefit.