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Mortgage protection life insurance is a type of life insurance specifically designed to pay off a mortgage in the event of the policyholder's death. It provides financial protection for the policyholder's family by ensuring that the outstanding mortgage balance is covered, helping them avoid the risk of losing their home due to inability to make mortgage payments after the policyholder's passing.

Final expense life insurance, also known as burial or funeral insurance, is a type of insurance designed to cover the costs associated with a person's funeral, burial, or other final expenses. It is typically a smaller policy meant to address specific end-of-life expenses, such as funeral services, caskets, or cremation. This type of insurance helps ease the financial burden on the deceased person's family during a challenging time.

An Indexed Universal Life (IUL) insurance policy is a type of permanent life insurance that combines a death benefit with an investment component. The policy's cash value is linked to the performance of a stock market index, providing the policyholder with the potential for higher returns compared to traditional universal life insurance. However, it also comes with the risk of lower returns if the chosen index performs poorly. IUL policies often offer flexibility in premium payments and death benefit options.

An annuity is a financial product typically offered by insurance companies. It involves a contract between an individual and the insurance company, where the individual makes a lump-sum payment or a series of payments. In return, the insurance company provides a stream of income payments, either immediately or at a future date. Annuities are often used as a way to provide a steady income during retirement. There are various types of annuities, including fixed, variable, and indexed annuities, each with different features and potential for returns.