Results 161 to 170 of about 19,565 (208)
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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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Variable Annuities: Market Incompleteness and Policyholder Behavior
SSRN Electronic Journal, 2021zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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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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Media for Funding Variable Annuities
The Journal of Risk and Insurance, 1968This paper considers first the media available to fund a variable annuity for an individual, and then the additional media available to fund variable annuities for groups under pension plans, profit sharing plans and tax-sheltered annuity programs. Finally it studies some of the considerations in selecting a particular funding medium. The study focuses
George E. Johnson, Donald S. Grubbs
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Lapse‐and‐Reentry in Variable Annuities
Journal of Risk and Insurance, 2016AbstractSection 1035 of the current U.S. tax code allows policyholders to exchange their variable annuity policy for a similar product while maintaining tax‐deferred status. When the variable annuity contains a long‐term guarantee, this “lapse‐and‐reentry” strategy allows the policyholder to potentially increase the value of the embedded guarantee.
Thorsten Moenig, Nan Zhu
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"Valuing Variable Annuities" (in Japanese) [PDF]
, 2003 In this paper we propose a framework to evaluate variable annuities. We show that the invested capital to a variable annuity can be decomposed into: (i) the reserve money in the account, (ii) options, (iii) fees paid to the mutual fund companies, and (iv) margin accruing to the insurance company.
Takao Kobayashi +2 more
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Interplay of Risks in Variable Annuity
A guaranteed variable annuity provides a guaranteed benefit to the investor, no matter what the performance of the investment account is. Although the pricing formula and hedging strategy of the guaranteed variable annuity are well-studied in the literature, the intrinsic risk transfer and diversification mechanisms between policyholder and insurer hadGuoZhen LI, ShaoTang WANG
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