Defined terms for the annuity market and lifetime income landscape.
Embedded spread, in the cost-structure sense, is the cost-structure value that applies to lifetime income arrangements where the insurer's margin is built into the asset yield supporting the contract and is not separately disclosed. Why it matters Most traditional general-account annuities — SPIAs, DIAs, fixed annuities, MYGAs — charge their costs through embedded spread rather than explicit fees. The cost is real but not visible on a fee disclosure. Naming embedded spread as a di
An enhanced death benefit rider is a rider attached to a deferred annuity contract that provides death-benefit features beyond the standard guaranteed minimum death benefit — typically a step-up to a high-water mark, a roll-up at a contractually specified rate, or an earnings enhancement payable to the beneficiary — in exchange for a separately disclosed annual rider charge. Why it matters Enhanced death benefit riders extend the standard GMDB in ways that target specific benefici
