Across
- 1. Describes the situation in which investors put their money into different types of investments to avoid being subject to the potential volatility of one type of investment.
- 3. Benefit based on earnings over a person’s working lifetime; reduced benefits can start as early as age 62
- 5. A retirement savings plan typically set up by, usually, non-profit or government employers.
- 8. An insurance policy that covers the buyer for his or her lifetime or to a specified age.
- 11. The value of the investment portion of a whole life insurance policy.
- 12. Describes how fast a person’s investment can be converted into cash, if necessary.
- 13. A type of insurance that provides protection for the policyholder for 5, 10, or 20 years.
Down
- 2. The amount of coverage that a life insurance policy provides.
- 4. A retirement savings plan that is sponsored and set up by an employer for its employees.
- 6. A person chosen by the policyholder whose name is on the life insurance policy and who receives the benefits of the policy after the policyholder’s death.
- 7. A retirement account that is opened by an individual, rather than sponsored by an employer.
- 9. Taxes are paid at the time the money is withdrawn from the account, not when the money is actually earned.
- 10. The potential severe ups and downs of some types of investments.