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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... Contract 429 IVA Contract Provisions 432 IVA Contract Administration 433 Suitability Questionnaire 435 Compliance Costs 435 Market Conduct 436 Intellectual Property 437 Partial Annuitization 438 Privacy 438 Status of Immediate Annuities ...
... contract owner (1) determines how the money will be invested and (2) bears the risks and rewards of those investments via changes in the amounts of the monthly retirement income checks, which fluctuate with fund performance. In contrast ...
... contract owner. In more modern contracts, the contract owner at any time may reallocate the percentage each subaccount contributes toward a 100% total, where the weighted performance determines income benefits.12 Chapter 4 shows how the ...
... contract owner assumes investment risk, the insurer assumes mortality risk; that is, the insurer guarantees that even if it has adverse mortality experience and annuitants survive longer than expected (e.g., due to unforeseen medical ...
... contract owner relative to a benchmark rate of return chosen by the annuity contract owner. Benefit amounts for both fixed and variable annuities are definitely determinable at point of entry into the program. For fixed annuities, they ...
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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 |
745 | |
747 | |