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| A life insurance settlement option that allows the beneficiary to have the death proceeds paid out in the form of a joint and
last survivor annuity. |
| Equal ownership by two or more people, who have the right of survivorship. |
| A life insurance plan that insures two or more lives and pays proceeds at the time of the first death. |
| Certificate of deposit with a minimum denomination of $100,000. |
| A risk involving exceptionally high benefits. |
| Life insurance purchased by parents for children under a specified age. Provides permanent life insurance that increases in
face value five times at age twenty-one with no increase in premium. |
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