Global Funds
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A mutual fund that invests in securities issued by companies from around the world, including the country where the fund is offered for sale.
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Source:
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LOMA's Glossary of Insurance and Financial Services Terms Copyright c 2002 LOMA (Life Office Management Association, Inc.). Used with permission from the publisher. All rights reserved.
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Government Bonds
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Obligations of the U.S. Government, regarded as the least risky, highest-grade securities issues. The major types of debt instruments issued by the U.S. government are: Treasury Bills, Saving Bonds, Treasury Notes, and Treasury Bonds.
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Source:
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New York Stock Exchange
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Growth Funds
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Growth funds focus on stocks that may not pay a regular dividend but have the potential for large capital gains.
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Source:
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United States Securities and Exchange Commission
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Guarantees
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Insurance companies issuing variable annuities provide a number of specific guarantees. For example, they may guarantee a death benefit or an annuity payout option that can provide income for life. A fixed deferred annuity always contains guarantees. For example, it might guarantee that the interest rate on the funds accumulating in your policy will be at least 4%.
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Source:
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National Association of Securities Dealers, Inc., California Department of Insurance
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