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  B
Benchmark Index
Commonly refers to stock or bond indexes used to measure market performance and to compare the relative performance of an investment portfolio. Investing directly into an index is not possible. In addition, these benchmark indexes do not have transaction costs and other expenses as does an investment portfolio.
Beneficiary
Generally, the person(s) who receive(s) money upon the death of the annuity's contract owner or annuitant. The contract owner decides who the beneficiary will be.
Bonds
An IOU or promissory note issued by companies or governments and their agencies. Bonds provide income and some growth potential but not as much growth potential or historical price fluctuations as stocks. The amount of interest paid by a bond varies depending on its credit risk (the risk the issuer will repay the loan) and on its maturity risk. High quality, short-term bonds generally pay the lowest yields, and low quality, long-term bonds pay higher yields.
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