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 57
Jeffrey K. Dellinger. Mortality Adjustments 309 Immediate Variable Annuity Reserve Calculations 313 Reserve Effect Introduced by Offering Multiple Subaccounts 318 Use of Statutory Immediate Variable Annuity Reserves in Product Design 322 ...
... effect on your financial security during retirement. In fact, the game you just played may be analogous to the most important decision you'll need to make regarding your retirement savings—a decision that could well influence your ...
... effects of inflation. To see just how sinister that nemesis inflation can be, Figure 1.3 shows that a 60-year-old with $50,000 of annual living expenses will become a $162,170 $109,556 $50,000 Age Age Age 60 80 90 Today In 20 years In ...
... effect on the benefits of any annuitants. Just as with fixed annuities, with variable annuities contract owners transfer mortality risk from themselves to the insurer. This often provides enormous peace of mind because, as was shown ...
... effect at the time the contract owner exchanges his or her single premium (i.e., deferred annuity account value) for a series of periodic retirement income benefits. “Conversion rates” are simply the factors that “convert” a single ...
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 |