FIN4010 Module 6 Key Terms

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Across
  1. 2. Contract with an insurance company usually used for retirement income
  2. 3. ______ Annuity: Provides payments for as long as the owner lives
  3. 8. (Acronym) A hybrid of cash value whole life and universal life insurance
  4. 9. ______ Annuity: Begins payments within one year of purchase
  5. 10. ______ Annuity: Provides payments for a specified term, regardless of the owner's life
Down
  1. 1. ______ Annuity: Pays returns based on the performance of the chosen investment portfolio
  2. 4. _____ Ratio: Determines the tax-free portion of annuity payments
  3. 5. ______ Annuity: Only begins payments after a specified period
  4. 6. The process where employees earn the right to the employer's portion of contributions
  5. 7. ______ Annuity: Offers a guaranteed return on contributions