Defined terms for the annuity market and lifetime income landscape.
The Armstrong Investigation was a 1905–1906 New York State legislative investigation of the US life insurance industry led by Senator William W. Armstrong with chief counsel Charles Evans Hughes, which produced reforms — including the effective prohibition of tontine policies.
Assessment plan insurance is an early US life insurance institutional form in which member premiums were not actuarially level but were assessed retrospectively as claims arose, with surviving members assessed for amounts needed to cover deaths since the last assessment.
