Glossary

A claim is an arrangement that delivers periodic income through a defined structure, characterized through four structural properties — risk sharing, adjustment mechanism, liquidity, and cost structure — that together specify what kind of arrangement it is. Why it matters Lifetime income arrangements look superficially different from each other — a self-managed drawdown, a frictionless pool, a single-premium immediate annuity, and a variable annuity with a guaranteed lifetime with

The claim framework is the structural vocabulary of the Longevity Standard analytical system, consisting of four properties — risk sharing, adjustment mechanism, liquidity, and cost structure — that together characterize any lifetime income arrangement and complement the cost-of-income framework's quantitative comparison. Why it matters The cost-of-income framework produces a quantitative finding: how many dollars of capital are required to produce a dollar of lifetime income unde

A claim profile is the four-property characterization of a specific lifetime income arrangement — recording its risk sharing, adjustment mechanism, liquidity, and cost structure — in a fixed format that applies identically across all Longevity Standard deliverables. Why it matters A framework is operationally useful only if its output is consistent enough to be recognized and parsed. The four-property vocabulary of the claim framework would lose much of its utility if every glossa