Retirement and Benefits Planning

A 1035 exchange lets qualifying life, annuity, and long-term care contracts be replaced without immediate federal income tax.

An employer-funded trust used in a qualified plan to support post-retirement medical or health-related benefits.

An income benefit paid from a pension or retirement arrangement when a participant becomes disabled before normal retirement.

A retirement plan design where employer contributions are based in part on employee age and time horizon.

A gap between one benefit stream ending and another benefit stream beginning under a life-related income transition.

Annuity analysis compares annuity options based on payout profile, insurance carrier strength, fees, and rider effects.

A pension funding method that assigns each year of service a separate benefit unit through annual premium flows.

A cafeteria benefit plan gives employees options among approved benefit choices while keeping tax treatment and plan limits compliant.

Cashing out vested benefits is the transfer of accrued benefit value to a participant, often in insurance-linked employee benefit plans.

A deferred compensation plan lets employees delay receiving salary until a future date under a documented retirement arrangement.

A group-sponsored arrangement where participants buy tax-deferred income coverage over time.

A tax-based income measure used to determine eligibility or pricing for some insurance and benefits programs.

The actuarial present value of pension benefits that participants have earned and cannot forfeit under the plan’s vesting rules.

The practice of setting aside assets now to meet known insurance-backed benefit obligations later.

A designated fund used to support retirement-related conversion outcomes within life insurance planning.

A death benefit only plan provides a lump-sum payout solely at death, without retirement or disability payments.

A deferred annuity earns value in an accumulation phase and begins distributions in a later period.

A defined benefit pension plan promises a fixed retirement payment formula, usually based on service and salary.

A defined contribution pension plan specifies contributions and lets benefit value depend on investment performance.

Long-term care is ongoing help with daily living or supervision needs caused by chronic illness, disability, or cognitive impairment.

The actuarial present value of pension benefits earned for service before a plan start date or before a retroactive plan change.

A trust is a legal arrangement where a trustee holds and manages property for beneficiaries, often used to own or receive insurance proceeds.

A contract where an insurer makes regular payments to the owner for a period or lifetime.

The formal delay of part of a person’s income to a future date or event.

Deferred vesting delays when a person or beneficiary obtains full right to a benefit until conditions are met.

In pension and annuity contexts, a deposit is a scheduled or required contribution that funds future retirement entitlements.

The process of pooling, tracking, and accounting for contributions before they become covered annuity assets.

A deposit administration group annuity accumulates contributions for participants before annuity purchase or retirement income conversion.

A licensed facility that provides ongoing nursing, rehabilitative, or custodial care after acute treatment or for long-term care needs.

An annuity payout choice that continues income for as long as either of two covered lives is alive.

A Life Paid Up at Age policy lets the policy continue in force for life while premium payments stop at a pre-agreed age.

PBGC's statutory power to borrow in periods where premium income and reserves are insufficient to meet obligations.