Examlex
What are the key features of survivorship life insurance?
Collateralized
Secured by an asset or property as a guarantee for the repayment of a loan.
Sinking Fund
A reserved fund into which an organization sets aside money over time, to repay debt or replace a significant asset in the future.
Pension Plan
A type of retirement plan where an employer contributes to a pool of funds set aside for an employee's future benefit.
Contractual Agreement
A legally binding agreement between two or more parties outlining the terms and conditions of a deal.
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