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Life Insurance Terms |
Investment Terms |
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Rated premiums
Premiums that are higher-priced Reduced paid-up insuranceA form of insurance that is available as a non-forfeiture option, and provides the insurance payable for a reduced amount, at the same time and in the same manner as the original policy ReinsuranceProcess where one insurer insures the excess risk of another insurer (multiple insurers) Reinstatement clauseA clause in the policy that assists the policy owner when the insurance contract lapses because of a non-payment of a premium ReplacementWhen the life insurance policy or part of the policy is replaced by another RidersAn extra coverage or benefit, attached to the main policy that is added at a cost to project against other losses |
Ratio withdrawal plan
A type of mutual fund withdrawal plan that provides investors with an income based on a percentage of the value of units held. Real estate fundA mutual fund that invests primarily in residential and/or commercial real estate to produce income and capital gains for its unitholders. Real estate investment trustA closed-end investment company that specializes in real estate or mortgage investments. RedeemablePreferred shares or bonds that giver the issuing corporation an option to repurchase securities at a stated price. These are also known as callable securities. Registered Education Savings Plan (RESP)A plan that enables a contributor, on a tax deferral basis, to accumulate assets on behalf of a beneficiary to pay for a post secondary education. RegisteredRetirement Income Fund (RRIF)A maturity option available for RRSP assets to provide a stream of income at retirement. Registered Retirement Savings Plan (RRSP)A retirement savings plan to hold amounts deducted from taxable income, within certain limits, in a tax deferred state. There are various investment options and a tax deferral on investment income and gains. Available to individuals to and including 71 years of age, but must be collapsed by the end of the year in which the holder turns 71 years of age. Retained earningsThe accumulated profits of a company. These may or may not be reinvested in the business. RetractableBonds or preferred shares that allow the holder to require the issuer to redeem the security before the maturity date. RightsOptions granted to shareholders to purchase additional shares directly from the company concerned. Rights are issued to shareholders in proportion to the securities they may hold in a company. RiskThe possibility of loss; the uncertainty of future returns. |
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