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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... Specific Risk 264 Random Walk 266 Investment Risk 267 Academic Research and Its Practical Implications for Retirement Income 269 CHAPTER 8 Rate 0' Bfltlll'l'l 277 Definition 277 Early Deaths and Late Deaths 278 Annuiland Example 279 ...
... specific retirement income solutions because they've worked decades to amass their nest eggs; they want to avoid any mistakes that could cause them to need to return to work during advanced years when they would prefer not to do so or ...
... specific transaction. In this spirit, the hope is that information contained herein may be a small contribution—a beacon for development—toward heralding an era of greater awareness and use of a retirement income concept and instrument ...
... specific retirement income objectives. While the book describes several financial security solutions of specific categories, it does not promote products of any specific company. It does, however, offer suggestions as to the factors ...
... specific dollar level of withdrawal will leave a residual balance at the end of the 10-year period in some cases, might exactly deplete the balance at the end of 10 years, and will prematurely deplete the fund in some cases ...
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 |