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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... Purchase 56 CHAPTER 5 Annuity Payout Options 59 History 59 Annuity Options 60 Considerations in Selecting an Annuity Option 66 Immediate Variable Annuity Prospects 72 Value Equivalence of Annuity Options 74 CHAPTER 6 Annuitant ...
... purchase of an annuity, he or she has purchased the contractual right to a stream of retirement income identical in present value to every other similarly situated person participating in the program. In that sense, every annuitant ...
... purchase annuity over those paid out in monthly income benefits, etc.). While perhaps ranking below certain colossal events in human history, such as the shift from barbarism to civilization, the invention of the variable income annuity ...
... purchase of the annuity.2 These are sometimes known by their acronyms SPIA for a single premium immediate annuity issued on a fixed payout basis and SPIVA for a single premium immediate variable annuity issued on a variable payout basis ...
... purchase the annuity) or on the death of either annuitant, the benefit amount is reduced because one person can live less expensively than two. Such annuities can either cost less than a joint life annuity that continues to provide 100 ...
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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 | |