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Defined Contribution Pension Plan
A retirement plan where both employer and employee contribute to an individual account for the employee, with benefits depending on investment performance.
Bears All The Risk
A term indicating that one party in a transaction is responsible for any financial losses or risks that may arise, commonly used in insurance and investment contexts.
Variable Life
A type of life insurance policy that includes an investment component, where the cash value and death benefit can vary based on the performance of the investments.
Universal Life
A flexible premium life insurance policy that combines protection with a cash value accumulation that earns interest.
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