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*What is the Contract Price?
Back To Key TerminologyThe Contract Price is the cost of your Home Price Index Protection purchase expressed in dollars. Determination of your Contract Price varies depending on a variety of factors (including, Market, Maximum Payout, and Trigger). The Contract Price set as of the Effective Date and is payable upfront. The Contract Price is detailed in the Summary of Key Terms and Conditions.
For more information about these terms, please refer to the respective FAQs: "What is the Market?", "What is the Maximum Payout?", "What is the Trigger?", and "What is the Summary of Key Terms and Conditions?".
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