Vantage is one of the largest IPAs in California and the largest IPA in the Inland Empire, which is home to over 1,000,000 Medi-Cal and 450,000 Medicare beneficiaries. Vantage also has a presence in San Diego County.
In life insurance, the provision or endorsement that designates the owner of the policy when such owner is someone other than an insuredâfor example, a beneficiary. This clause vests ownership rights (e.g., the right to designate the beneficiary) to the specified person or entity. 1  Suggest an improvement or addition to the Insurance and Risk Management Glossary.  Buy a print version of the Insurance and Risk Management Glossary.
DEFINITION of 'Sprinkling Provision'. A provision within a life insurance agreement that allows the trustee of the policy to spread the death benefit around to the beneficiaries at his or her discretion.REAKING DOWN 'Sprinkling Provision'. For example, let's assume that a policyholder recently died and the individual has four children. Let's also assume that two of the children are financially well-off and that the others have recently entered into financial difficulty.