Accumulation Phase
Definition
The accumulation phase is the period of a deferred annuity contract during which premium is held and credited under
Adverse Selection
Definition
Adverse selection in the pooling context is the tendency for individuals with longer-than-average expected lifespans to be
Fee-Based
Definition
Fee-based is a compensation model in which a financial professional is paid through ongoing fees — typically a percentage
Immediate Annuity
Definition
An immediate annuity is any annuity contract in which income payments commence within one year of issue, with the