The guillotine is a machine used to execute people by decapitation (chopping off their heads). A guillotine is made of a heavy blade attached to a rack, which moves up and down on a vertical frame. When the rack is let go, it will fall down and the blade will cut the convict's head off.
A national producer number, or NPN, is a tool to protect individual insurance agents and agencies from identity theft and fraudulent representations made to the National Insurance Producer Registry, or NIPR.
An agent can be independent agent who represents at least two insurance companies or a direct writer who represents and sells policies for one company only. Annuity - A contract that provides a periodic income at regular intervals, usually for life.