Examlex
The most commonly purchased type of credit insurance is:
Recent Years
A term referring to the very latest past period, often without specifying the exact duration.
Defined Benefit Pension Plans
Retirement plans where an employer guarantees a specified pension amount to employees based on salary history and length of service.
Defined Contribution Plans
Retirement savings plans where the amount of the retirement benefits is determined by the contributions made by the employee and/or the employer.
Retirement Income
Money an individual receives after retiring from active employment, usually in the form of pensions, savings, or investments.
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