U8 Flashcards
to reinvest a mature investment into another similar investment
rollover
the person named in the policy as the recipient of insurance proceeds
beneficiary
money available to the policyholder in cash upon surrender of the policy
cash value
the amount stated on the face page of a life insurance policy that will be paid upon death or maturity
face amount
a type of investment that pays a surviving beneficiary upon the death of the policyholder
life insurance
the date upon which the face amount of a life insurance policy is paid to the policyholder
maturity
the actual terms of a contract of life insurance
policy
the regular periodic payment a policyholder makes to an insurance company to keep an insurance policy in effect
premium
a standard charge for certain services, such as office visits and prescriptions
copayment
an out-of-pocket expense for health care above and beyond the premium and copay
deductible
insurance that pays for health care
health insurance
a type of investment that signifies ownership in a corporation
stock
an investment that pays the investor a set amount of money each year for a number of years, often over the investor’s lifetime
annuity
an investment in which an investor loans money to a corporate or governmental entity, who borrows the money for a defined period of time at a fixed interest rate
bond
investing in various assets to reduce the risk that any one investment may pose to your overall portfolio
diversification
