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May
Glossary
Glossary definition entries
21
May
CD Annuity
Definition
A CD annuity is a marketing label commonly applied to a multi-year guaranteed annuity (MYGA) contract positioned as
3 min read
21
May
Deferred Fixed Annuity
Definition
A deferred fixed annuity is a fixed annuity contract structured with an accumulation phase during which the contract value
3 min read
21
May
Single Premium Annuity
Definition
A single premium annuity is any annuity contract funded by a single lump-sum premium payment at issue, with
2 min read
21
May
Annuitization
Definition
Annuitization is the conversion of a sum of capital into a stream of periodic income payments, typically continuing for
2 min read
21
May
Insurance Broker
21
May
Absolute Return Fund
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May
Catastrophe Bond
21
May
Hedge
21
May
Longevity Risk
Definition
Longevity risk is the risk of outliving the financial resources set aside to fund consumption across one's
2 min read
21
May
Human Capital
21
May
Annuity Payments
Definition
Annuity payments are the periodic income amounts an insurer pays to the contract owner under an annuitized contract, scheduled
2 min read
21
May
Broker
Definition
A broker, in the annuity context, is a licensed intermediary who represents the prospective buyer rather than a specific
2 min read
21
May
Participation Rate
Definition
A participation rate is the percentage of an underlying index's gain that is credited to an indexed
2 min read
21
May
Insurance Agent
Definition
An insurance agent is a state-licensed individual or entity authorized to solicit, negotiate, and place insurance contracts — including
2 min read