License ucan pass Study guides, Class notes & Summaries

401 K Plan - ️️A qualified retirement plan in which the employee can set aside a portion of their income with pre-tax dollars. Absolute Assignment v. Collateral Assignment - ️️Absolute: A permanent and irrevocable transfer of rights and/or benefits by the policyowner. Collateral: A temporary and/or revocable transfer of benefits by the policyowner. Accelerated Death Benefit - ️️Policy provision that allows full or partial payment of the policy's death benefit before the insure...