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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... actual experience being closer and closer to that expected with less chance for yearto-year deviations in mortality experience that can occur with a smaller group; and they can therefore work with smaller margins built into pricing to ...
... actual return on investment experienced by any single annuitant in the pool of annuitants will depend on how long he or she survives. The important point is that at the time an annuitant applies the premium to the purchase of an annuity ...
... actual retirement needs might be—the IRS RMD option produces benefits that increase initially but then decline. While a variety of investment arrangements (e.g., mutual funds, certificates of deposit, individual stocks in a self ...
... Actual n- 4 000 - Payment 0 1 2 3 4 5 6 7 8 9 10 FIGURE 1 .7 Actual versus Expected Payments your 10-year holding period, your portfolio earned less than 8% during the early years when it applied to the higher account value you still ...
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1 | |
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 |
745 | |
747 | |