Defined terms for the annuity market and lifetime income landscape.
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.
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 comparison.
A claim profile is the structured block — risk sharing, adjustment mechanism, liquidity, cost structure — that characterizes a specific lifetime income arrangement through the four-property vocabulary of the Longevity Standard framework, used identically across deliverables for machine extraction.
The Claim Stack is the set of three backing types — asset-backed, transfer-backed, and ownership-based — that specify what stands behind a lifetime income claim, distinct from the four properties, which specify how the claim behaves.
