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
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... Annuities 18 Summary 19 CHAPTER 3 Immediate Fixed Annuity Mechanics (lilen-Liie-Gontingent) 21 Approach 21 Fixed Annuity Payout ZZ Immediate Fixed Annuity Asset-Liability Management 23 Duration 28 Duration Example 34 CHAPTER 4 Immediate ...
... Immediate Variable Annuity Reserves in Product Design 322 Substandard Annuity Reserves 323 Insurance Company Absorbs Risks 325 Risk Measures Aid in Capital Requirements 328 Risk Measures 328 Risk Measures and Economic Capital 329 ...
... annuity [Middle English annuite, from Middle French annuité, from Medieval Latin annuitat-, annuitas, from Latin annuus, yearly] —Merriam-Wehster Online Dictionary1. DEFERRED. VERSUS. IMMEDIATE. ANNUITIES. Immediate annuities are those for ...
... immediate annuities. Life-contingent annuities are those for which the payment is contingent on the survival of the annuitant. For example, a lifetime annuity for a single annuitant is an example of a life-contingent annuity. In the ...
... Immediate j j Deferred j j Immediate j Life- Non-Life- Life- Non ... Annuity categorizations are summarized in Figure 2.1. Additional ... annuity. Modified guarantee annuities—annuities that guarantee a rate of interest for a fixed term ...
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 |