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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... guaranteed, the level of those payments in a variable annuity is not guaranteed; rather, it fluctuates with the performance of the fund or funds chosen by the annuity contract owner. One chapter of this book describes the process by ...
... guaranteed lifetime income for you or for you and another person,2 typically a spouse. It is called a “fixed annuity” because the monthly3 income benefits are totally known at the time you start your annuity. These benefits can be level ...
... guaranteed lifetime income.5. THE. GAME. REVISITEI]. Remember the carnival game? In which bin did you predict the gray ball would land? What shape did you predict the balls would form across the bins once they had all dropped? Figure 1.2 ...
... guaranteed lifetime payments, which cease at death. This form provides maximum monthly income. Some people prefer to know that they or their beneficiaries will receive at least a certain amount of income from their fixed annuity. One ...
... guaranteed to be made for a certain period of time or include various refund options. What chiefly distinguishes variable annuities from fixed annuities is that with variable annuities the annuity contract owner (1) determines how the ...
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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 | |