The Handbook of Variable Income AnnuitiesJohn Wiley & Sons, 28 Agu 2006 - 800 halaman In-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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... Figure 1.1. Sixtyfour balls will be dropped from a chute one at a time. They bounce off the pins—with equal chance ... FIGURE 1.1 Carnival Game 7 FIGURE 1.2 One Carnival Game Outcome $70,000 60,000 50,000. The Handbook of Variable Income ...
... Figure 1.2 shows how one trial of the game looked after it was played. 0 o o o 000 000 000 000 000 000 000 000 000 0000 0000 000 0000 0000 0000 3456 1 2 Did you guess the gray ball would fall into Bin. 7 FIGURE 1.2 One Carnival Game ...
... 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 30 years FIGURE 1 .3 Annual Living Expenses at 4% Inflation Rate 90-year-old ...
... Figure 1.4 illustrates how a fixed income of $50,000 at age 60 decreases in real purchasing power at a 4% inflation rate. While a fixed income annuity with level benefit payments provides a stable amount of income, it virtually assures ...
... Figure 1.5. To date, variable annuities have been the superior private sector. $70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 I IVA Annual Benefit [I Systematic Withdrawal 7O 75 80 85 90 95 100 105 110 115 Age FIGURE 1 .5 Immediate ...
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17 | |
Chapter 3 Immediate Fixed Annuity Mechanics NonLifeContingent | 21 |
Chapter 4 Immediate Variable Annuity Mechanics NonLifeContingent | 39 |
Chapter 5 Annuity Payout Options | 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 |
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747 | |