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Keogh Plan. A retirement plan for self-employed persons that affords the opportunity to make tax-deductible contributions up to the lesser of 25% of income or $30,000; also known as an HR-10 Plan. See also 401(k) Plan.
Key Man Life Insurance. A type of life insurance policy that protects a business organization from losses arising from the death or disability of a senior executive or other employee important to the success of the business.
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