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Lester,
Smart, Fehrman, Treml & Arendt |
| 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. |