Glossary

Glossary definition entries
21
May

Commutation

21
May

Impaired Annuity

21
May

Guaranteed Lifetime Withdrawal Benefit

Definition A guaranteed lifetime withdrawal benefit (GLWB) is a rider attached to a deferred annuity contract — most commonly a fixed
3 min read
21
May

Senescence

21
May

Capital Market Risk

21
May

Swiss Annuity

21
May

Standalone Living Benefit

21
May

Universal IRA

21
May

Enterprise Annuity

21
May

X-Shares

21
May

Performance Triggered

21
May

Advanced Life Deferred Annuity

Definition An advanced life deferred annuity, or ALDA, is a deferred income annuity structured specifically as longevity insurance, characterized by
3 min read
21
May

Retirement Security

21
May

Guaranteed Minimum Accumulation Benefit

Definition A guaranteed minimum accumulation benefit (GMAB) is a rider attached to a deferred annuity contract that guarantees the contract&
2 min read
21
May

GLWB