Archives
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LIFE INSURANCE
Provides for the payment of a stipulated amount to a designated beneficiary upon the death of the insured.
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JOINTLY HELD PROPERTY
Property owned by two or more persons under joint tenancy, tenancy in common or, in some states, community property.
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IMMEDIATE ANNUITY
Allows for the conversion of a sum of money into a guaranteed series of payments for a period equal to the greater of a person’s life or a specified number of years.
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