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P
ERSONAL
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L
LIFO—Last In, First Out
Lapse
Large-Cap Stock
Last
Leap
Level Load
Level Term Insurance
Liability Insurance
Lien
Lifetime Payout
Limit Order
Liquidity
Living Trust
Living Will
Loan-To-Value (LTV) Ratio
Long
Long-Term Capital Gains
Long-Term Care Insurance
Low Price
Lapse
Termination of a policy upon the policy owner's failure to pay the premium within the grace period, or when cash values within the policy are insufficient.
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