Chapter 10 Vocabulary Retirement

12345678910111213141516171819202122
Across
  1. 3. where all of the money owed to a retiree is given in a single payment and no further payments are made
  2. 6. a stock in a new, unproven company; often inexpensive but highly risky
  3. 8. the value of the investment portion of a whole life insurance policy
  4. 11. the potential severe ups and downs of some types of investments
  5. 13. a type of insurance that combines a life insurance policy with an investment feature
  6. 15. a type of insurance that provided protection for the policyholder for a specified period of time
  7. 16. the anticipated profit based on the probabilities
  8. 17. a person chosen by the policyholder whose name is on the life insurance policy and who receives the benefits after the policyholder's death
  9. 18. the savings plan in which the deposits are taxable but when withdrawn is tax-exempt
  10. 19. offers the retired employee a fixed monthly amount until death, when all benefits stop
  11. 20. the federal act that established protection of pension plans and the PBGC
  12. 21. a type of insurance policy that covers the buyer for his or her lifetime or to a specified age
  13. 22. deferred compensation plan
Down
  1. 1. a small increase in a retiree's benefits based on the CPI or cost of living index
  2. 2. the amount you pay for the policy
  3. 4. the table that lists death rated according to age groups
  4. 5. insurance that pays benefits to retired workers, their families, and disabled workers under certain conditions
  5. 6. benefit based on earnings over a person's working lifetime
  6. 7. a situation in which investors put their money into different types of investments to avoid being subject to potential volatility
  7. 9. describes hoe fast a person's investment can be converted into cash, if necessary
  8. 10. the number of years an employee must participate in the plan before having the right to the investment
  9. 12. the savings plan in which the income generated by the account it tax deferred until it is withdrawn
  10. 14. the time when a person stops working for an employer
  11. 21. a federal government agency that insures most defined benefit pension plans