Glossary

Glossary definition entries
22
May

Annuity Ladder

22
May

401k

22
May

Annuitant

22
May

Actuary

22
May

Ageing Science

22
May

Ambiguity Aversion

22
May

Actuarial Escape Velocity

22
May

Accumulation Phase

Definition The accumulation phase is the period of a deferred annuity contract during which premium is held and credited under
2 min read
22
May

Adverse Selection

Definition Adverse selection in the pooling context is the tendency for individuals with longer-than-average expected lifespans to be
2 min read
21
May

Fixed Immediate Annuity

21
May

Captive Agent

21
May

Risk Tolerance

21
May

Fee-Based

Definition Fee-based is a compensation model in which a financial professional is paid through ongoing fees — typically a percentage
2 min read
21
May

Immediate Annuity

Definition An immediate annuity is any annuity contract in which income payments commence within one year of issue, with the
2 min read
21
May

Genetic Engineering