The Alliance for Lifetime Income is a non-profit organization committed to educating consumers about the value and importance of protected lifetime income through annuities. Part of our commitment includes making the language of annuities simpler and more transparent.
We realize that annuities, like most other financial products, can be difficult to understand, which is why we’ve created a Language Glossary to help demystify some of the language used when describing annuities. We believe reducing this complexity will help you make better decisions about annuities, which can lead to better outcomes in your retirement planning.
This is version I of the glossary, which we expect to refine and expand in the future to include additional terms and language.