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Glossary
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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