Defined terms for the annuity market and lifetime income landscape.
SOA mortality research is the body of mortality experience studies and table development conducted by the Society of Actuaries, which produces the canonical mortality tables used across US life insurance pricing, pension valuation, and actuarial regulation.
Social Security is the United States federal program that provides inflation-adjusted lifetime income to eligible retired workers and their dependents, funded through payroll taxes and administered by the Social Security Administration. Why it matters Social Security is the largest source of guaranteed lifetime income for most retirement-age individuals in the United States, and it is the income foundation on top of which any commercial lifetime income arrangement is layered. Unde
