Defined terms for the annuity market and lifetime income landscape.
A stable value fund is a defined contribution plan investment vehicle that seeks to preserve principal and produce steady returns by holding a portfolio of high-quality fixed-income securities together with wrap contracts issued by insurance companies or banks that support book-value accounting.
Standard deviation is a measure of how much the individual values in a data set typically vary from their average, expressed in the same units as the values themselves.
A state guaranty association is a nonprofit entity established under each state's insurance law to provide limited coverage to contract owners of insolvent life and health insurance companies licensed in that state, funded through assessments on the solvent insurers operating in the state.
