Riders
If you cannot meet 2 of 6 ADLs, this rider will pay benefits.
What is LTC / Chronic Illness?
It's an annuity due symbol.
What is a double dot?
The kind of money that is not institutional - colloquially called "dumb money"
What is retail?
This card game involves goals like "Shooting the Moon" and getting the lowest score possible
What is Hearts?
Like a GLWB but stops when AV = 0
What is a GMIB?
You can put this over a, A, or P to signify continuous interest.
What is a line?
1/100th of 1%
What is a basis point?
This type of insurance policy can include a "Change of Heart" feature
What is wedding insurance
AX * max(AV, Premium Paid)
What is an ROP DB?
Px / ax will give you this type of insurance.
What is Whole Life Insurance?
She defrauded investors for millions of dollars through her company Theranos, and is now the subject of the Hulu series "The Dropout"
Who is Elizabeth Holmes?
Ben Stiller stars as an actuary in this love triangle film featuring Jennifer Anniston
What is Along Came Polly?
In Life Insurance, Chronic Illness, Critical Illness, and Accidental Death & Disability can all fall under this category of living benefits.
What are accelerated benefits?
May the force be with you when finding the greek letter representing ln(1+i)
What is delta?
Second order delta hedging is called this.
What is Gamma Hedging?
One of the two risk factors in spousal survivorship policies, this phenomenon describes the increased risk of death for a surviving spouse in the few years after the death of a spouse
What is Broken Heart Syndrome?
Among the most famous Riders, the Riders of Rohan are known as this.
Who are the Rohirim?
qxv1 + pxqx+1v2 + 2pxqx+2 v3
What is Ax angle 3.
A type of option where the payoff depends on the average price of the underlying at maturity rather than the final price at a specified time like an American or European option.
What is an Asian Option?
Love can be volatile, just like this option Greek used to measure the change in the underlying with respect to movements in volatility
What is Vega?