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| A computerized system that offers brokers/dealers with price quotations for securities traded over the counter as well as
securities traded on other exchanges, like the NYSE. |
| The out-of-pocket cost of owning any particular life insurance policy. |
| Established in 1792, the NYSE is the oldest and largest stock exchange in the United States. It's located on Wall Street.
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| A type of mutual fund that does not impose a sales commission or charge on investments made. |
| A term applied to employee benefit plans under which the employer bears the full cost of the benefits for the employees. One
hundred percent of the eligible employees must be insured. |
| One of the choices available if the policy holder discontinues premium payments on a policy with a cash value. This, if any,
may be taken in cash, as extended term insurance or as reduced paid-up insurance. |
| Life insurance issued based on the insured's statement of health with no medical examination required. |
| The maximum face value of a policy that a given company will issue without the applicant taking a medical examination. |
| A life insurance policy in which the company does not distribute to policy holders any part of its surplus. Note should be
taken that premiums for nonparticipating polices are usually lower than for comparable participating polices. |
| No cigarette or tobacco usage based upon company guidelines. |
| An agent licensed to write insurance in a state in which he or she does not live. |
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