Tag: college

Needs Approach definition explanation

What is Needs Approach?

A method of calculating how much life insurance is required by an individual/family to cover their needs (i.e. expenses). These include things like funeral expenses, legal fees, estate and gift taxes, business buyout costs, probate fees, medical deductibles, emergency funds, mortgage expenses, rent, debt and loans, college, child care, private schooling and maintenance costs. The needs approach contrasts the human-life approach. Read more for examples and further explanation including related video clips and also comments
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Life Insurance definition explanation

What is Life Insurance?
A protection against the loss of income that would result if the insured passed away. The named beneficiary receives the proceeds and is thereby safeguarded from the financial impact of the death of the insured. Read more for examples and further explanation including related video clips and also comments
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Level-Premium Insurance definition explanation

What is Level-Premium Insurance?
A type of term life insurance for which the premiums remain the same throughout the duration of the contract. The premium paid on this type of policy will be higher at the beginning of its life but lower towards the end of its life as compared to term policies that have rising premium rates. Read more for examples and further explanation including related video clips and also comments
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Abeyance definition explanation

What is Abeyance?
A situation in which the rightful owner of a property, office or title has not yet been decided. Abeyance results when the current owner or holder does not declare a single current beneficiary. Instead, the new owner is determined through the outcome of a particular event at some time in the future. Thus, the ownership of the property, office, or title is left unfilled. Abeyance is derived from the Old French word “”abeance””, which means a longing or gaping, with future expectation. Read more for examples and further explanation including related video clips and also comments
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Permanent Capital Vehicle – PCV definition explanation

What is Permanent Capital Vehicle – PCV?
An investment entity for managing capital for an unlimited time horizon. A PCV is typically geared toward growing capital at the best long-term rate, and is therefore less focused on shorter-term performance. Read more for examples and further explanation including related video clips and also comments
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Master Of Business Administration – MBA definition explanation

What is Master Of Business Administration – MBA?
A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates gain a better understanding of general business management functions. The MBA degree can have a specific focus such as accounting, finance or marketing. Read more for examples and further explanation including related video clips and also comments
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Investment definition explanation

What is Investment?
An asset or item that is purchased with the hope that it will generate income or appreciate in the future. In an economic sense, an investment is the purchase of goods that are not consumed today but are used in the future to create wealth. In finance, an investment is a monetary asset purchased with the idea that the asset will provide income in the future or appreciate and be sold at a higher price. Read more for examples and further explanation including related video clips and also comments
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Blue Collar definition explanation

What is Blue Collar?
A working-class person historically defined by hourly rates of pay and manual labor. A blue collar worker refers to the fact that most manual laborers at the turn of the century wore blue shirts, which could hold a little dirt around the collar without standing out.

This working class stands in contrast to white collar workers, which historically have had the higher-paying, salaried positions to go with their clean and pressed white shirts. Read more for examples and further explanation including related video clips and also comments
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