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Glossary
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Accumulation Unit |
| Money paid in or transferred into an investment division of the Separate Account is credited in the form of accumulation units. Any increase or decrease in value is based upon the investment performance of the corresponding underlying investment portfolio. |
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After Tax Savings |
| Term used to describe investments or contracts purchased with money that has already been taxed. Also known as "non-qualified" investments or contracts. |
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Annual Step-up Death Benefit |
| A type of variable annuity death benefit available in Preference Plus Select® that can protect purchase payments and earnings by locking in performance gains each year on the contract anniversary. The key benefit is that it can provide a safety net against market downturns. See Preference Plus Select Product Prospectus for more information, including charges. |
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Annual Step-up or 5% Increase Death Benefit |
| A type of variable annuity death benefit available in Preference Plus Select that can protect purchase payments and earnings by locking in performance gains each year on the contract anniversary, plus provides a 5% annual compounded "floor" on purchase payments. See Preference Plus Select Product Prospectus for more information including charges. |
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Annuitant |
| The person(s) on whose life the income payments are based. The contract owner decides who the annuitant(s) will be. |
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Annuitize |
| To convert the account balance under a deferred annuity contract into a stream of income, either for one or more lifetimes or a specific period of time. |
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Annuity |
| A tax-deferred contract that can provide an income for a specified time period, such as a number of years or for life. There are two types of annuities: deferred annuities, which allow you to grow your assets tax deferred and convert your account balance to income payments at a later date, and immediate annuities, which generally allow you to receive income payments right away. |
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Annuity Date |
| The date when your annuity income payments begin. This date usually appears in your annuity contract. You may be able to change this date, with limitations, before you reach the annuity or maturity date. |
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Asset Allocation |
| A financial strategy for investing money into various asset classes — such as stocks, bonds and cash — based upon your financial goals, risk tolerance and time horizon. Asset allocation has two main advantages: it can help increase investment returns and reduce risk. |
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Annuity Quotes :
Annuity Quotes are available for
Alabama
, Alaska
, Arizona
, Arkansas
, California
, Colorado
, Connecticut
, Delaware
, District of Columbia
, Florida
, Georgia
, Hawaii
, Idaho
, Illinois
, Indiana
, Iowa
, Kansas
, Kentucky
, Louisiana
, Maine
, Maryland
, Massachusetts
, Michigan
, Minnesota
, Mississippi
, Missouri
, Montana
, Nebraska
, Nevada
, New Hampshire
, New Jersey
, New Mexico
, New York
, North Carolina
, North Dakota
, Ohio
, Oklahoma
, Oregon
, Pennsylvania
, Puerto Rico
, Rhode Island
, South Carolina
, South Dakota
, Tennessee
, Texas
, Utah
, Vermont
, Virginia
, Washington
, West Virginia
, Wisconsin
, Wyoming
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