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P
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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
Lifetime Payout
An annuity income option that makes monthly payments of equal amounts for the remainder of the annuitant's life, regardless of the length of time.
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