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the balance between demand and supply on stock markets; amount per share that an option buyer pays to the seller—the share buy price is usually lower, and is the price at which someone is willing to
buy your share; the sell price is the price at which the share can be purchased.
SIMPLE IRA: an IRA plan for employees of small companies. Employees may contribute up to certain annual limits, and employ- ers will make matching contributions up to certain limits.
Social Security: the principle or practice or program of public provision for the economic security and social welfare of an individual and his or her family; the United States government program established in 1935 to include old-age assistance.
Term Life Insurance: considered the simplest and least expensive form of life insurance coverage, it provides death benefit coverage at a guaranteed low premium for the term of the policy and then the coverage ends. Premiums generally increase significantly to keep the policy in force.
Traditional IRA: retirement plan that allows anyone regardless of amount of income to contribute up to specific annual limits.
Variable Expenses: bills that must be paid every month but the amounts due are not always the same.
Variable Universal Life Insurance: provides the flexibility of Universal Life Insurance with the ability to invest in the stock market through associated portfolios.
Whole Life Insurance: remains in effect through the insured's life as long as the fixed premiums are paid on time; pays a fixed death benefit. Also has a cash value feature that is guaranteed.