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A policy holder is the individual or business that buys the insurance policy.
A Dependent is usually a spouse and unmarried children (adopted, step or natural) of an employee.
A trustee is a person or firm that holds assets for the benefit of a third party.
Fair market value - The price a willing buyer would pay a willing seller if neither was under any compulsion to buy or sell. It is the standard at which property is valued for a deemed disposition.
A Bear Market is a declining financial market