X-Share Variable Annuity

Definition Risk transfer is the mechanism by which longevity risk is shifted from the individual to a counterparty in exchange

Definition Guarantee charge is the cost-structure value that applies to lifetime income arrangements where the insurer's cost

Definition Crediting parameter drag, in the cost-structure sense, is the cost-structure value that applies to lifetime income arrangements

Definition A claim profile is the four-property characterization of a specific lifetime income arrangement — recording its risk sharing, adjustment

Definition The claim framework is the structural vocabulary of the Longevity Standard analytical system, consisting of four properties — risk sharing,