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 92
... pay a premium and in exchange receive regular, periodic annuity benefits regardless of how long they live. Similarly ... benefit payments are contingent on the survival of the annuitant. The benefits of fixed annuities, if scheduled to ...
... benefit payments is guaranteed, the level of those payments in a variable annuity is not guaranteed; rather, it fluctuates with the performance of the fund or funds chosen by the annuity contract owner. One chapter of this book ...
... pay annuity benefits to the last surviving annuitant. The group would need to manage the investments. It would need to administer the monthly benefit payments and tax reporting and to draft the contracts that spell out the terms of the ...
... benefit payments to the annuitant is guaranteed. With variable annuities, the single premium is invested in one or more “subaccounts”11 chosen by the contract owner. These may include domestic and international common stock funds, bond ...
... benefit payments provides a stable amount of income, it virtually assures a progressively deteriorating standard of living. Monthly retirement income benefits fluctuate with the performance of the underlying subaccount(s) chosen by the ...
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 |