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The four Cs, mentioned as guidance guidelines, include
Life Insurance Policy
A contract between an insurer and a policyholder where the insurer pays a designated beneficiary a sum of money upon the death of the insured person.
Lump Sum
A single payment made at a particular time, as opposed to a series of payments made over time.
Insurance Proceeds
The money received from an insurance claim, compensating for losses or damages covered by an insurance policy.
Annuity Due
A type of annuity payment where payments are made at the beginning of each period instead of the end.
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