Today's issue is sponsored by Options Industry Council: Free Options Podcasts, from The Options Industry Council. Did you know Options can help protect your portfolio in a volatile market? Want to learn how? Our 7-part Podcast series will help you master the fundamentals of Options trading. Find out all about calls, puts, strike prices and more. Then learn to apply basic Options strategies using real market conditions. Click Here to Download One today!

TERM OF THE DAY life insurance Insurance cover that serves two major purposes: (1) to substitute for theinsured's income if he or she dies, and (2) to qualify the insured for favorable taxtreatment. The policy holders buy insurance cover from an insurance company, and pay specific periodic amounts (premiums) for the term (duration or life) of the policy. If the insured dies before the this term is completed, a guaranteedsum (the face amount of the policy) is paid to one or more named beneficiaries. If the insured survives the term then, depending on the type of the policy, he or she may receive the full or a part of the face amount of the policy. For youngfamilies, a life insurance policy creates an 'instant estate' before they have enough time to accumulate other ... Learn more about this term Usage Example A life insurance contract will state that a specific amount of money is to be paid to the designated beneficiary upon the death of the insured, or once the insured has reached a specific age.

MARKETPLACE The Options Industry Council Download a free Options Fundamentals Podcast, from the Options Industry Council. Click to View This Offer... Advertise with Us

FEATURED ARTICLE How to Select an Online University The process of choosing the best online university is not an easy one. But the temptation many students who are new to the process fall victim to is a focus on...