{"product_id":"the-handbook-of-variable-income-annuities-hardback-9780471733829","title":"The Handbook of Variable Income Annuities (Hardback) 9780471733829","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eThe Handbook of Variable Income Annuities\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cfont size=\"4\"\u003eJeffrey K. Dellinger (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780471733829, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 15 August 2006\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e800 pages, Charts: 135 B\u0026amp;W, 0 Color; Tables: 53 B\u0026amp;W, 0 Color\u003cbr\u003e23.2 x 16 x 4.2 cm, 1.187 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cb\u003eIn-depth coverage of variable income annuities\u003c\/b\u003e  \u003cp\u003eWith 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. \u003ci\u003eThe Handbook of Variable Income Annuities\u003c\/i\u003e 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 \u003ci\u003eHandbook of Variable Income Annuities\u003c\/i\u003e explains the mathematical pricing of variable income annuities, expected rates of return, taxation, product distribution, legal aspects, and much more.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eJeffrey K. Dellinger\u003c\/b\u003e (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.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePreface.  \u003cp\u003eOverview.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1:\u003c\/b\u003e \u003cb\u003eRetirement Income Basics.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Game.\u003c\/p\u003e \u003cp\u003eYour Retirement.\u003c\/p\u003e \u003cp\u003eSelf-Management.\u003c\/p\u003e \u003cp\u003eFixed Annuities.\u003c\/p\u003e \u003cp\u003eThe Game Revisited.\u003c\/p\u003e \u003cp\u003eFixed Annuities Revisited.\u003c\/p\u003e \u003cp\u003eVariable Annuities.\u003c\/p\u003e \u003cp\u003eShortcoming of Simplified Retirement Income Projections.\u003c\/p\u003e \u003cp\u003eShortcomings of Traditional Retirement Income Approach.\u003c\/p\u003e \u003cp\u003eRetirement Income Basics Summary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: Annuity Categorization.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDeferred versus Immediate Annuities.\u003c\/p\u003e \u003cp\u003eLife-Contingent versus Non-Life-Contingent Annuities.\u003c\/p\u003e \u003cp\u003eTax-Qualified versus Non-Tax-Qualified Annuities.\u003c\/p\u003e \u003cp\u003eSummary.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: Immediate Fixed Annuity Mechanics (Non-Life-Contingent).\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eApproach.\u003c\/p\u003e \u003cp\u003eFixed Annuity Payout.\u003c\/p\u003e \u003cp\u003eImmediate Fixed Annuity Asset-Liability Management.\u003c\/p\u003e \u003cp\u003eDuration.\u003c\/p\u003e \u003cp\u003eDuration Example.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: Immediate Variable Annuity Mechanics (Non-Life-Contingent).\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eApproach.\u003c\/p\u003e \u003cp\u003eAnnuity Units.\u003c\/p\u003e \u003cp\u003eVarying the AIR.\u003c\/p\u003e \u003cp\u003eVolatility of Variable Annuity Income.\u003c\/p\u003e \u003cp\u003eImmediate Variable Annuity versus Systematic Withdrawals.\u003c\/p\u003e \u003cp\u003eReverse Dollar Cost Averaging.\u003c\/p\u003e \u003cp\u003eOwner Control after IVA Purchase.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: Annuity Payout Options.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHistory.\u003c\/p\u003e \u003cp\u003eAnnuity Options.\u003c\/p\u003e \u003cp\u003eConsiderations in Selecting an Annuity Option.\u003c\/p\u003e \u003cp\u003eImmediate Variable Annuity Prospects.\u003c\/p\u003e \u003cp\u003eValue Equivalence of Annuity Options.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: Annuitant Populations and Annuity Present Values.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCategorization and Characteristics.\u003c\/p\u003e \u003cp\u003ePopulation Mathematics.\u003c\/p\u003e \u003cp\u003eAnnuity Mathematics (Life-Contingent).\u003c\/p\u003e \u003cp\u003eAnnuity Mathematics (Non-Life-Contingent).\u003c\/p\u003e \u003cp\u003eAnnuity Mathematics II (Life-Contingent).\u003c\/p\u003e \u003cp\u003eAlternate Derivation of Approximation Formula for Present Value of Annuities Payable More Frequently than Annually.\u003c\/p\u003e \u003cp\u003eContinuous Life-Contingent Annuities.\u003c\/p\u003e \u003cp\u003eVarying Life-Contingent Annuities .\u003c\/p\u003e \u003cp\u003ePopulation Theory.\u003c\/p\u003e \u003cp\u003eMortality Improvement.\u003c\/p\u003e \u003cp\u003eThe Aging Process.\u003c\/p\u003e \u003cp\u003eAging Theories, Biomarkers, and Telomeres.\u003c\/p\u003e \u003cp\u003eForce of Mortality.\u003c\/p\u003e \u003cp\u003eMortality Laws.\u003c\/p\u003e \u003cp\u003eMortality Tables.\u003c\/p\u003e \u003cp\u003eMortality Table Construction.\u003c\/p\u003e \u003cp\u003eConsiderations in Mortality Table Selection.\u003c\/p\u003e \u003cp\u003eFormula-Based Mortality Tables.\u003c\/p\u003e \u003cp\u003eLaw of Large Numbers.\u003c\/p\u003e \u003cp\u003eLife Expectancy.\u003c\/p\u003e \u003cp\u003eAge Distribution Histograms.\u003c\/p\u003e \u003cp\u003eMortality Table as Survivorship Model.\u003c\/p\u003e \u003cp\u003eStationary Population.\u003c\/p\u003e \u003cp\u003eMultilife Annuities.\u003c\/p\u003e \u003cp\u003eLast Survivor Annuities.\u003c\/p\u003e \u003cp\u003eContingent Annuities.\u003c\/p\u003e \u003cp\u003eReversionary Annuities.\u003c\/p\u003e \u003cp\u003eLast-Survivor Annuity with Pop-Up Provision.\u003c\/p\u003e \u003cp\u003eIncreasingly Important Concept in Tough Economic Times.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: Immediate Variable Annuity Subaccounts.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview of Subaccounts.\u003c\/p\u003e \u003cp\u003eTypology of Variable Annuity Subaccounts.\u003c\/p\u003e \u003cp\u003eNumber of Subaccounts and Considerations in Subaccount Selection.\u003c\/p\u003e \u003cp\u003eModern Portfolio Theory.\u003c\/p\u003e \u003cp\u003eCapital Asset Pricing Theory.\u003c\/p\u003e \u003cp\u003eTotal Market Risk versus Security-Specific Risk.\u003c\/p\u003e \u003cp\u003eRandom Walk.\u003c\/p\u003e \u003cp\u003eInvestment Risk.\u003c\/p\u003e \u003cp\u003eAcademic Research and Its Practical Implications for Retirement Income.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: Rate of Return.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDefinition.\u003c\/p\u003e \u003cp\u003eEarly Deaths and Late Deaths.\u003c\/p\u003e \u003cp\u003eAnnuiland Example.\u003c\/p\u003e \u003cp\u003eRate of Return Example Using Realistic Mortality Rates.\u003c\/p\u003e \u003cp\u003eAnnuity Present Value Distributions.\u003c\/p\u003e \u003cp\u003eAnnuity Present Value Appraisals.\u003c\/p\u003e \u003cp\u003eBenefit of Investment versus Benefit of Survivorship.\u003c\/p\u003e \u003cp\u003eRate of Return Methodologies.\u003c\/p\u003e \u003cp\u003eRate of Return and Inflation.\u003c\/p\u003e \u003cp\u003eDeflation.\u003c\/p\u003e \u003cp\u003eRate of Return and Taxes.\u003c\/p\u003e \u003cp\u003eChapter 9: Reserves and Risk-Based Capital.\u003c\/p\u003e \u003cp\u003eReserves.\u003c\/p\u003e \u003cp\u003eRisk-Based Capital.\u003c\/p\u003e \u003cp\u003eReserve Laws and Guidelines.\u003c\/p\u003e \u003cp\u003eMortality Adjustments.\u003c\/p\u003e \u003cp\u003eImmediate Variable Annuity Reserve Calculations.\u003c\/p\u003e \u003cp\u003eReserve Effect Introduced by Offering Multiple Subaccounts.\u003c\/p\u003e \u003cp\u003eUse of Statutory Immediate Variable Annuity Reserves in Product Design.\u003c\/p\u003e \u003cp\u003eSubstandard Annuity Reserves.\u003c\/p\u003e \u003cp\u003eInsurance Company Absorbs Risks.\u003c\/p\u003e \u003cp\u003eRisk Measures Aid in Capital Requirements.\u003c\/p\u003e \u003cp\u003eRisk Measures.\u003c\/p\u003e \u003cp\u003eRisk Measures and Economic Capital.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10: Immediate Variable Annuity Taxation.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eImmediate Variable Annuity Income Taxation.\u003c\/p\u003e \u003cp\u003eUse of Immediate Annuities to Avoid 10% Penalty Tax on Premature Distributions.\u003c\/p\u003e \u003cp\u003eEstate Taxation.\u003c\/p\u003e \u003cp\u003eGift Taxation.\u003c\/p\u003e \u003cp\u003ePremium Tax.\u003c\/p\u003e \u003cp\u003eDAC Tax.\u003c\/p\u003e \u003cp\u003eTax Incentives.\u003c\/p\u003e \u003cp\u003eChapter 11: Services and Fees.\u003c\/p\u003e \u003cp\u003eService Features.\u003c\/p\u003e \u003cp\u003eProduct Fees and Charges.\u003c\/p\u003e \u003cp\u003eInsurer Perspective: Variable Income Annuity Expenses.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12: Product Distribution.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFinancial Advisers.\u003c\/p\u003e \u003cp\u003eDistribution Chain.\u003c\/p\u003e \u003cp\u003eIVA Pricing Optimization Process.\u003c\/p\u003e \u003cp\u003eWholesalers.\u003c\/p\u003e \u003cp\u003eSample IVA Wholesaling Story.\u003c\/p\u003e \u003cp\u003eUnbundling.\u003c\/p\u003e \u003cp\u003eIVA Illustrations.\u003c\/p\u003e \u003cp\u003eBuyer Demographics.\u003c\/p\u003e \u003cp\u003eThree-Legged Stool.\u003c\/p\u003e \u003cp\u003eLooking to the Future.\u003c\/p\u003e \u003cp\u003eComparison Indexes and Disclosure.\u003c\/p\u003e \u003cp\u003eUncertainty.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13: Individual Immediate Variable Annuity Underwriting.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStandard Life Underwriting.\u003c\/p\u003e \u003cp\u003eSubstandard Life Underwriting.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14: Legal Issues.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUnisex Rates.\u003c\/p\u003e \u003cp\u003eSeparate Account Insulation.\u003c\/p\u003e \u003cp\u003eTontines.\u003c\/p\u003e \u003cp\u003eNonforfeiture Laws.\u003c\/p\u003e \u003cp\u003eVariable Annuity Contract.\u003c\/p\u003e \u003cp\u003eIVA Contract Provisions.\u003c\/p\u003e \u003cp\u003eIVA Contract Administration.\u003c\/p\u003e \u003cp\u003eSuitability Questionnaire.\u003c\/p\u003e \u003cp\u003eCompliance Costs.\u003c\/p\u003e \u003cp\u003eMarket Conduct.\u003c\/p\u003e \u003cp\u003eIntellectual Property.\u003c\/p\u003e \u003cp\u003ePartial Annuitization.\u003c\/p\u003e \u003cp\u003ePrivacy.\u003c\/p\u003e \u003cp\u003eStatus of Immediate Annuities in Creditor Attachment and Assistance Program Qualification.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15: Securities Law.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFederal Securities Law.\u003c\/p\u003e \u003cp\u003eState Securities Law.\u003c\/p\u003e \u003cp\u003eOrganizational Structures of Variable Annuity Issuers.\u003c\/p\u003e \u003cp\u003eAdministrative Impacts.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16: Forms of Insurance and Insurers.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInsurance versus Gambling.\u003c\/p\u003e \u003cp\u003eUtility Theory.\u003c\/p\u003e \u003cp\u003ePrivate Insurance versus Social Insurance.\u003c\/p\u003e \u003cp\u003eDefined Benefit Pension Plans.\u003c\/p\u003e \u003cp\u003eTypes of Insurance Organizations.\u003c\/p\u003e \u003cp\u003eIVA Company Organizational Structure.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17: IVA Business Value to Annuity Company.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSample Model.\u003c\/p\u003e \u003cp\u003eExample.\u003c\/p\u003e \u003cp\u003eInterplay of Pricing, Reserving, and Risk-Based Capital.\u003c\/p\u003e \u003cp\u003eImmediate Annuity Value Creation.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18: Product Development Trends.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eProduct Variations.\u003c\/p\u003e \u003cp\u003ePayout Floor Guarantees.\u003c\/p\u003e \u003cp\u003eAn Introductory Lesson on Options.\u003c\/p\u003e \u003cp\u003eLiquidity.\u003c\/p\u003e \u003cp\u003eIncome Stabilization.\u003c\/p\u003e \u003cp\u003eOther Product Development Possibilities.\u003c\/p\u003e \u003cp\u003eComments on Product Variations.\u003c\/p\u003e \u003cp\u003eStochastic Modeling of Mortality.\u003c\/p\u003e \u003cp\u003eLife Annuity Mortality Risk Securitization.\u003c\/p\u003e \u003cp\u003eProprietary Products.\u003c\/p\u003e \u003cp\u003eAnnuity Writers’ Strategic Bases of Competition.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19: Conclusion.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendixes.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eQuotable Wisdom Regarding Longevity.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eNotes.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eGlossary.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAbout the Author.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eIndex to Notation.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSubject Index.\u003c\/b\u003e\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52298046308632,"sku":"9780471733829","price":94.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/0471733822_152513.jpg?v=1781732527","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/the-handbook-of-variable-income-annuities-hardback-9780471733829","provider":"Freshly Printed Books","version":"1.0","type":"link"}