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OCR: PI at 2ll quoting SEC v. C.M. Joiner Leasing Corp, 320 U.S. 344 352-53 (1943). In assessing whether GAC 50 is tr its entirety guaranteed benefit policy" the "character given the instrument he Hancock and the insurance industry is highly relevant Hancock's own mark keting materials and one + experts characterized IPG contract: like GAC as "investment vehicles. A 273 591- .99 According Hancock's own expert, 'investment vehicle trade term that T user by insurance companies lin selling con- tracts such as GAC 50 in their efforts tu induce pension plan sponsors to do business with them, on the grounds that they will be able to deliver the type of f investment strategy Or desirable in- vestment result in competition with other prov iders of investment services. S.C.A. 595 The investment peri for ...