The Handbook of Variable Income AnnuitiesIn-depth coverage of variable income annuities With trillions of dollars in retirement savings assets, the tens of millions of Americans on the precipice of retirement need to convert these savings into retirement income. The fact that variable income annuities (VIAs) generate maximum lifetime income with zero probability of outliving it has spurred the need for more information about VIAs. The Handbook of Variable Income Annuities is by far the most comprehensive source of information on this topic. This book thoroughly describes the most important principles of optimal asset liquidation and demystifies VIA mechanics, so readers can gain a high comfort level with this important financial instrument. Interestingly and clearly, The Handbook of Variable Income Annuities explains the mathematical pricing of variable income annuities, expected rates of return, taxation, product distribution, legal aspects, and much more. Jeffrey K. Dellinger (Fort Wayne, IN), a Fellow of the Society of Actuaries and a member of the American Academy of Actuaries, has over 25 years experience in the financial services sector. He advises institutions on retirement income optimization, products, and markets. |
From inside the book
Results 1-5 of 77
... Tables 173 Mortality Table Construction 178 Considerations in Mortality Table Selection 190 Formula-Based Mortality Tables 198 Law of Large Numbers 201 Life Expectancy 203 Age Distribution Histograms 21 8 Mortality Table as Survivorship ...
... Table, 3% AIR, 8% fund performance.) TABLE 1.1 Amortization Year BOY Value Appreciation Payment EOY Value. 10 THE HANDBOOK OFVARIABLE INCOME ANNUITIES.
... table like that in Table 1.1 proves that annual end-of-year (EOY) withdrawals of $14,902.95 fully liquidate your original $100,000 over 10 years. If your investments uniformly return the 8% you assumed each year, everything works out ...
... Table 1.2 reveals a picture of retirement income planning of. . . yesteryear. TABLE 1.2 Amount You Can Receive Monthly from a $100,000 Initial Sum Investment Amount to Withdraw at Beginning of Each Month to Exactly Return* Dissipate ...
... Table 4.1 simply shows in tabular form the information contained in Figure 4.2. To ensure that prospective IVA contract owners receive an unbiased picture of how annuity benefit payments fluctuate, Section 50.8 of New York State ...
Contents
1 | |
17 | |
21 | |
39 | |
59 | |
Chapter 6 Annuitant Populations and Annuity Present Values | 77 |
Chapter 7 Immediate Variable Annuity Subaccounts | 249 |
Chapter 8 Rate of Return | 277 |
Chapter 15 Securities Law | 441 |
Chapter 16 Forms of Insurance and Insurers | 453 |
Chapter 17 IVA Business Value to Annuity Company | 473 |
Chapter 18 Product Development Trends | 489 |
Chapter 19 Conclusion | 565 |
Appendixes | 575 |
Quotable Wisdom Regarding Longevity | 715 |
Notes | 717 |
Chapter 9 Reserves and RiskBased Capital | 299 |
Chapter 10 Immediate Variable Annuity Taxation | 333 |
Chapter 11 Services and Fees | 353 |
Chapter 12 Product Distribution | 363 |
Chapter 13 Individual Immediate Variable Annuity Underwriting | 411 |
Chapter 14 Legal Issues | 421 |
Glossary | 741 |
About the Author | 743 |
Index to Notation | 745 |
Subject Index | 747 |