Results 11 to 20 of about 19,551 (204)
GUARANTEED MINIMUM WITHDRAWAL BENEFIT IN VARIABLE ANNUITIES [PDF]
Mathematical Finance, 2007 We develop a singular stochastic control model for pricing variable annuities with the guaranteed minimum withdrawal benefit. This benefit promises to return the entire initial investment, with withdrawals spread over the term of the contract, irrespective of the market performance of the underlying asset portfolio. A contractual withdrawal rate is set
Dai, Min, Kwok, Yue Kuen, Zong, Jianping
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On Fund Mapping Regressions Applied to Segregated Funds Hedging Under Regime-Switching Dynamics
Risks, 2018 Insurers issuing segregated fund policies apply dynamic hedging to mitigate risks related to guarantees embedded in such policies. A typical industry practice consists of using fund mapping regressions to represent basis risk stemming from the imperfect ...
Denis-Alexandre Trottier +2 more
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Household Ownership of Variable Annuities [PDF]
Tax Policy and the Economy, 2006 Variable annuities have been one of the most rapidly growing financial products of the last two decades. Between 1996 and 2004, nominal sales of variable annuities in the United States more than doubled, from $51 billion to $130 billion. Variable annuities now account for almost two-thirds of annuity sales.
Jeffrey Brown, James Poterba
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Valuation Perspectives and Decompositions for Variable Annuities with GMWB riders [PDF]
, 2013 The guaranteed minimum withdrawal benefit (GMWB) rider, as an add on to a variable annuity (VA), guarantees the return of premiums in the form of peri- odic withdrawals while allowing policyholders to participate fully in any market gains.
Hyndman, Cody B., Wenger, Menachem
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The Impact of Management Fees on the Pricing of Variable Annuity Guarantees
Risks, 2018 Variable annuities, as a class of retirement income products, allow equity market exposure for a policyholder’s retirement fund with optional guarantees to limit the downside risk of the market.
Jin Sun +2 more
doaj +1 more source
Are Variable Annuities The Answer To Inflation? [PDF]
, 1956 Peer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/91160/1/j.1540-6261.1956.tb00697.x ...
McCracken, Paul W.
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Dependence Modeling, 2016 Variable annuities contain complex guarantees, whose fair market value cannot be calculated in closed form. To value the guarantees, insurance companies rely heavily on Monte Carlo simulation, which is extremely computationally demanding for large ...
Gan Guojun, Valdez Emiliano A.
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The Wealth of Wealthholders. [PDF]
Rev Income WealthABSTRACT Wealth, though crucial for modeling economic behavior and understanding well‐being, is difficult to measure in surveys. This paper introduces a new, comprehensive account‐by‐account approach for eliciting asset holding. This approach is implemented in the Vanguard Research Initiative, a panel of wealthholders designed to yield high‐quality ...
Ameriks J +4 more
europepmc +2 more sources
Household Demand for Variable Annuities [PDF]
SSRN Electronic Journal, 2004 Between 1990 and 2000, total sales of variable annuities in the U.S. grew from just over $5 billion to nearly $140 billion. These products now account for approximately half of all private market annuity sales. Variable annuities resemble mutual funds, but they qualify for special tax treatment as insurance products because they provide an option to ...
Jeffrey R. Brown, James M. Poterba
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Assessing Investment and Longevity Risks within Immediate Annuities [PDF]
, 2007 Life annuities provide a guaranteed income for the remainder of the recipient’s lifetime, and therefore, annuitization presents an important option when choosing an adequate investment strategy for the retirement ages.
Bauer, Daniel, Weber, Frederik
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