Also known as an Installment Sales Contract, a Land Contract, a Contract for Deed and an Agreement for Deed. A Contract for Deed is a contract between the owner of the real property and a purchaser whereby they commit to paying a certain price for the property and upon payment in full it is deeded over.

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Also known as an Installment Sales Contract, a Land Contract, a Contract for Deed and an Agreement for Deed. A Contract for Deed is a contract between the owner of the real property and a purchaser whereby they commit to paying a certain price for the property and upon payment in full it is deeded over.

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The legally required description of the Mutual Fund’s offering. The prospectus includes vital information such as the investment objective of the fund, the investment strategy used by the fund, as well as the fees and expenses. It can be overwhelming to read but includes a great deal of important information.

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Allowing members of the same class to be charged differently for their policies.

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By Wikipedia

Term life insurance is the original form of life insurance and is considered to be pure insurance protection because it builds no cash value. This is in contrast to permanent life insurance such as whole life, universal life, and variable universal life.

Term life insurance provides coverage for a limited period of time, the relevant term. After that period, the insured can drop the policy or pay annually increasing premiums to continue the coverage. If the insured dies during the term, the death benefit will be paid to the beneficiary. Term insurance is often the most inexpensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis.

Term insurance functions in a manner similar to most other types of insurance in that it satisfies claims against what is insured if the premiums are up to date and the contract has not expired, and does not expect a return of Premium dollars if no claims are filed. As an example auto insurance will satisfy claims against the insured in the event of an accident and a home owner policy will satisfy claims against the home if it is damaged or destroyed by say an earthquake or fire. Whether or not these event will occur is uncertain, and if the policy holder discontinues coverage because they have sold the car or home the insurance company will not refund the premium. This is a pure risk protection.

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