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2023
A variable annuity, as distinguished from a fixed annuity, provides monthly payments based on the value of units which fluctuate to reflect the investment results of the equity securities used to fund the annuity. The annuitant bears the entire investment risk under a variable annuity since there are no guarantees of investment return.
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A variable annuity, as distinguished from a fixed annuity, provides monthly payments based on the value of units which fluctuate to reflect the investment results of the equity securities used to fund the annuity. The annuitant bears the entire investment risk under a variable annuity since there are no guarantees of investment return.
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TAX ASPECTS OF THE VARIABLE ANNUITY
National Tax Journal, 1960SINCE WORLD WAR II the possibility of continual creeping inflation is perturbing ever larger numbers of people. The problems atising are nowhere greater than in the area of retirement planning. Because long-term dollar stability is being seriously questioned, because tommon-stock values-in terms of purchasing power-appear to be more stable over the ...
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Semi-static hedging of variable annuities
Insurance: Mathematics and Economics, 2016zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Carole Bernard, Minsuk Kwak
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Variable Annuities: Market Incompleteness and Policyholder Behavior
SSRN Electronic Journal, 2021zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Variable annuities: A unifying valuation approach
Insurance: Mathematics and Economics, 2011Life annuities and pension products usually involve a number of guarantees, such as minimum accumulation rates, minimum annual payments or a minimum total payout. Packaging different types of guarantees is the feature of so-called variable annuities. Basically, these products are unit-linked investment policies providing a post-retirement income.
BACINELLO, ANNA RITA +3 more
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THE VARIABLE ANNUITY: SECURITY OR INSURANCE
The Journal of Finance, 1958BY WHAT AGENCY shall companies writing variable annuities be regulated, to what agency shall they be required to report, or may they not be subject to the jurisdiction of two agencies, one state and one federal? This is how U.S. District Judge Robert M. Wilkin summed up the issue in Securities and Exchange Commission v.
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STATE-DEPENDENT FEES FOR VARIABLE ANNUITY GUARANTEES
ASTIN Bulletin, 2013AbstractFor variable annuity policies, management fees for the most basic guarantees are charged at a constant rate throughout the term of the policy. This creates a misalignment of risk and income – the fee income is low when the option value is high, and vice versa.
Bernard, Carole, Hardy, M., Mackay, A.
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2001
Abstract As mentioned before, a variable annuity will pay you, the annuitant, a stream of payments, each of which will contain an equal number of annuity units. The number of units per payment remains constant. The dollars received by you will depend on the market value of the units. With the value of each unit subject to fluctuation,
Irving S Schloss, Deborah V Abildsoe
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Abstract As mentioned before, a variable annuity will pay you, the annuitant, a stream of payments, each of which will contain an equal number of annuity units. The number of units per payment remains constant. The dollars received by you will depend on the market value of the units. With the value of each unit subject to fluctuation,
Irving S Schloss, Deborah V Abildsoe
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The Performance of Variable Annuities [PDF]
Journal of Insurance Issues, 1991 Variable annuities have become increasingly important in retirement plans. This paper provides an examination of the investment performance of variable annuities for the period year-end 1973 to year-end 1988. Returns, risk, and selectivity measures are analyzed for the sample of annuities, for individual variable annuities, and for subsamples of ...
Michael J. McNamara +1 more
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Basis Risk in Variable Annuities
2023This dissertation provides a comprehensive and practical analysis of basis risk in the U.S. variable annuity market and examines effective fund mapping strategies to mitigate the level of basis risk while controlling for the associated transaction costs.
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