Examlex
What is the flexible self and why has it become more common recently?
Term Life
Term life is a type of life insurance policy that provides coverage at a fixed rate of payments for a limited period, known as the relevant term.
Death Benefit
The sum paid to a beneficiary upon the insured’s death, provided through a life insurance policy.
Savings Plan
A program that encourages regular saving by setting aside a certain amount of income for future use, often with tax advantages or interest accrual.
Actuarially Determined
Calculated based on actuarial methods and assumptions, often referring to pension plan contributions or insurance risk assessments.
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