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First Midwest Securities, Inc.
Glossary of Terms
E-H
estimated earnings growth rate
A weighted average of the estimated long-term earnings
growth (over three to five years) for companies in a fund's portfolio. The
earnings estimates are a consensus of industry analysts' estimates.
fixed annuity
A tax-deferred investment that guarantees a fixed payment
to an annuity holder, either for a lifetime or a specified period of time.
fixed premium
Periodic, equal-sized payments made to an insurance
company for coverage.
"free look" period
By law, policyholders have a specified period of time to
examine an insurance policy. If they are not satisfied, they have the right to
return the policy and receive a full refund of the initial premium.
Guaranteed Interest Account (GIA)
An investment option under which premium amounts are
guaranteed to earn a fixed interest rate.
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