DCSIMG

Glossary

Glossary for Brighter Life Philippines

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

A

  • Advisor

the person responsible of the investment performance of an investor. He or she provides detailed information and advice on insurance policies and mutual funds


B

  • Beneficiary

an individual who is entitled to receive distributions from a trust, will, or life insurance policy


E

  • Emergency fund

a separate account of fund built for the purpose of spending on unexpected and unplanned expenses such as unemployment, calamities, and the like


L

  • Life stage/ life cycle

a specific status in life used to determine an individual’s priorities, goals, and financial standing


M

  • Mutual Fund

an investment company that pools together money from different investors and invests them in various securities depending on the investment objective fund


P

  • Premium

the total cost of payment required periodically for the coverage of a given insurance plan


R

  • Risk appetite

the amount of risk an investor is willing to take

  • ROI

stands for Return On Investment and is used to measure the efficiency and benefits of an investment


V

  • VUL

stands for Variable Universal Life Insurance and is a policy that offers both life insurance and an investment feature

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