Examlex
Often people trying to withdraw money from their bank must wait in line, which reflects a _______ Allocation method.
Death Benefit
The sum paid to a policyholder's beneficiaries upon their death, typically in life insurance and annuities.
Variable Life
A type of life insurance policy where the cash value and death benefit vary based on the investment performance of funds chosen by the policyholder.
Universal Life
It's a flexible premium, adjustable life insurance product where the excess of premium payments above the current cost of insurance is credited to the cash value of the policy.
Fixed Death Benefit
Fixed Death Benefit is a guaranteed amount paid to the beneficiaries of a life insurance policy when the insured person passes away.
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