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Comprehensive
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life insurance insurance that guarantees payment of a specific sum to a named beneficiary upon the death of the insured or to a policyholder who reaches a certain specified age.
trust account a type of savings account in which the funds are controlled by the depositor as trustee and become payable to the beneficiary upon the trustee's death.
trustee a person holding and administering property in the interests of a beneficiary. [1/3 definitions]