Defined terms for the annuity market and lifetime income landscape.
An epigenetic clock is a statistical measure of biological age constructed from patterns of chemical modification at specific sites in the genome, calibrated to predict chronological age in reference populations and then used to estimate how much faster or slower an individual is aging than average.
Equity indexed annuity is a legacy term for what is now called a fixed indexed annuity — an annuity crediting interest linked to a market index through insurer-set parameters, with principal not exposed to index loss. Why it matters The term equity indexed annuity predates the current fixed indexed annuity terminology and still appears in older materials and search behavior. How it works An equity indexed annuity operates as a fixed indexed annuity: credited interest is linked
Ergodicity is the property of a system in which the average outcome experienced by a single participant over time equals the average outcome across many participants at any given moment, allowing time-averaging and ensemble-averaging to produce the same result.
