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. |
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... portfolio management to e-commerce, risk management, financial engineering, valuation, and financial instrument analysis, as Well as much more. For a list of available titles, visit our Web site at WWW.WileyFinance.com. The Handbook 0 ...
... Portfolio Theory 260 Capital Asset Pricing Theory 263 Total Market Risk versus Security-Specific Risk 264 Random Walk 266 Investment Risk 267 Academic Research and Its Practical Implications for Retirement Income 269 CHAPTER 8 Rate 0 ...
... portfolio managers—may derive benefit from a fuller understanding of the nature of the liabilities with which they are being asked to pair assets. Accountants, attorneys, estate planners, and other experts to whom individuals turn for ...
... portfolio so it generates income uniformly throughout the year rather than irregularly, such as with semiannual bond coupons. Second, you may outlive the selected retirement period. Third, the assumptions you make, such as inflation ...
... portfolio earned less than 8% during the early years when it applied to the higher account value you still had remaining and earned more than 8% during the later years when it applied to the much smaller account value remaining. As a ...
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 |