The Insured Portfolio: Your Gateway to Stress-Free Global Investments

GLOSSARY

Acceptance

Unconditional agreement by one party (the offeree) to the terms of an offer made by a second party (the offeror). Agreement results in a valid, binding contract.

Accumulation value

Similar to the concept of current market value for a mutual or exchange-traded fund, the accumulation value of a variable annuity is equivalent to the value of the policy's underlying portfolio, minus fees.

Annuitant

This term may refer to the person upon whom an annuity contract is based, or in other cases the individual named as beneficiary of an annuity or recipient of a pension.

Annuity

A financial contract offered by institutions (primarily insurers) that is designed to accept premiums, grow them through investment, and then pay a stream of payments to a named beneficiary at a designated point in time. American annuities are primarily used to supplement retirement income, whereas the foreign variety offer a much more robust range of benefits. Annuities are often relatively custom contracts, using a number of different templates based on prevailing tax law. The purpose of an offshore variable annuity is to allow investment flexibility and liquidity in addition to the promise of above-average returns thanks to worldwide access and prudent leadership.

Asset protection trust (APT)

A legal device allowing title to and possession of property to be held and/or managed by one person, the trustee, for the benefit of others, the beneficiaries, in order to protect the property from claims, judgments, ...