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| Life
Insurance |
| Term
Life |
A form of
life insurance that covers the insured person for a certain
period of time (1, 5, 10, or 20 years). |
| Whole
Life |
Life insurance that combines
protection against premature death with a cash value account. |
| Universal
Life |
A flexible premium policy
that combines features from term life and whole life. |
| Fixed
Annuities |
An annuity that guarantees
a specific rate of return. During the payment phase, a fixed
amount of income, paid on a regular schedule, is guaranteed. |
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