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Chapters 19 & 20 Review

Across
Annuity where the investment risk is borne by the insurance company
Annuity where the owner of the policy assumes all investment risk
The account that a portion of the insurance company's asset base in which traditional policies such as whole life, term life, and other lower-risk investments are placed
Compensation plans that are contracts between employees and employers
Plan that allows employees to participate in a company's profits
The plan where an employee's benefit depends on how much has been contributed to the plan, plus any gains from those contributions
The units that purchases in which an annuity is quantified
Also called indexed annuities/Hybrid products that combine elements of both fixed and variable annuities
The employee pension plan that is considered to be an alternative to a profit-sharing plan
Down
Contributions that are taxable at ordinary rates upon distribution
A situation where plan assets move directly from one trustee to another
An annuity that delays payments to the annuitant for a period after the date of purchase
Determined by the performance of subaccounts in which the policyholder invests the net premium payments
A plan designed to provide employees with a fixed monthly stipend at retirement
An annuity that begins payments to the annuitant one payment period after a lump-sum deposit has been made in the annuity contract
An annuity in which the annuitant receives monthly payments for as long as she/he lives and has no designated beneficiary
Retirement plans not required to meet IRS requirements regarding employee coverage, contribution limits and vesting
A tax-advantaged account that can be used by individuals to pay for qualified medical expenses
Type of IRA introduced by the Taxpayer Relief Act of 1997