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Plan Assets
Assets held by a retirement plan, including investments, cash, and property, used to generate benefits for participants.
Single Life Annuity
An annuity that provides regular payments during the annuitant's lifetime but ends upon their death.
Annuity Contract
A legal agreement in which an individual makes a series of payments in exchange for receiving regular disbursements, either immediately or in the future.
Expected Return
The anticipated profit or loss from an investment over a specified period, based on historical data or probability-weighted projections.
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