Financial Glossary
https://www.transamerica.com/financial-glossary
… Distributions start at retirement age but participants can also take distributions if they change jobs or in certain emergencies. Participants can choose to take distributions as a lump … determines the amount of VA payments or the person who receive annuity payments. Annuity A form of insurance contract that provides a stream of periodic payments, typically for life. … Some well-known benchmarks are the Dow Jones Industrial Average and the S&P 500 Index. Beneficiary The person or party you've chosen to receive the benefits from your life insurance …