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Reference

Reference

Plain-English definitions for the terms you'll encounter on your financial journey.

D
Death Benefit🏖️ Retirement

The payment made to a designated beneficiary from an annuity or retirement plan when the original owner passes away.

L
Living Benefits🛡️ Insurance

Provisions in a life insurance policy that allow the policyholder to receive a portion of the death benefit while they are still alive, often for critical illnesses.

U
Universal Life Insurance🛡️ Insurance

A flexible permanent life insurance policy that allows the owner to adjust premium payments and death benefits over time.