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GLOSSARY

 GLOSSARY TERMS by Alpha
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Face amount
Factory mutual
FAIR plan
Fair rental value
Farmowners-ranchowners policy
FEMA
Fidelity bond
Fiduciary
Final Expenses
First to Die Insurance
Fixed annuity
Fixed benefit
Fixed Premium
Free look
Front-end load
Full Surrender
Funeral expenses

FAIR plan

An acronym for Fair Access to Insurance Requirements, these plans have been established in many states to make fire and extended coverage (and homeowners in some states) available in areas otherwise not addressed by the voluntary market.

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