Glossary

Point-to-point crediting is an indexed annuity calculation method that measures the change in an underlying index between two specific dates — typically the start and end of a crediting period — and uses that change as the basis for the credit applied to the contract. Why it matters Point-to-point is the most common indexed-annuity crediting method, and it is the method against which other calculation methods (monthly sum, daily averaging, monthly averaging, others) are typically

Pool governance is the set of rules, decision rights, and structural features that determine how a lifetime income pool operates — including underwriting standards, redistribution rules, withdrawal rights, and dispute resolution — and that fix the pool's behavior independently of any individual member. Why it matters Every pooled arrangement has rules that determine how the pool actually operates: who can join, how mortality credits are redistributed, what happens when a member wa