Insurance

3. an insurance policy protecting the policy holder until death or as long as premiums are promptly paid
4. an insurance policy where the benefits awarded by the life insurance company to a beneficiary vary with the assets backing the policy
6. an insurance policy offering a group plan
8. an insurance policy protecting the policyholder only over a specified term
9. a plan where contributions are dictated by the benefits that will eventually be provided
11. a strategy in which inveestment decisions by a pension fund are made with the objective of generating cash flows that match planned outflow payments
12. an insurance policy combining the features of term and whole life insurance ;it specifies a period of time over which the policy will exist but also builds a cash value for policyholders over time.

1. a strategy which offers managers more flexibility in constructing a pension portfolio that can benefit from expected market and interest rate movements
2. intermediaries between purchasers and providers of health care
5. a process in which insurance companies effectively allocate a portion of their return and risk to other insurance companies
7. a source of funds offering a predetermined amount of retirement income to individuals
10. plan managed by life insurance companies