accumulation phase The period when an annuity owner can add money and accumulate assets tax deferred.

alphaA measure of risk relating to the specific security, rather than the overall market.

analystAn employee of a financial institution who makes buy and sell recommendations for specific companies after studying their business and financial data.

annual reset Also known as annual ratchet. An annuity design whereby the policyholder receives the greater of the appreciation in the equity index during a series of one-year periods at each policy anniversary date or the guaranteed fixed rate of return for the policy period.

annuityA contract sold by an insurance company that grows tax deferred and is designed to provide a series ...

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