Glossary

Glossary definition entries
22
May

Term Certain Payout

22
May

Social Security

22
May

Society of Actuaries

22
May

Structured Note

22
May

Suitability

Definition The suitability standard is a regulatory standard of care requiring that a recommended financial product be suitable for the
2 min read
22
May

Surrender Charge Period

22
May

Singularity

22
May

Subaccount

Definition A subaccount is an investment option within a variable annuity contract, structurally analogous to a mutual fund, in which
2 min read
22
May

Structured Settlement

22
May

Speculation

22
May

Sirtuin

22
May

Single Premium Immediate Annuity

Definition A single premium immediate annuity (SPIA) is a lifetime income arrangement in which the contract owner pays a one-
2 min read
22
May

Sequence of Returns Risk

Definition Sequence of returns risk is the risk that the order in which investment returns occur — independent of the average
2 min read
22
May

Single Premium Variable Immediate Annuity

22
May

Single Premium Variable Deferred Annuity