The Handbook of Variable Income Annuities

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John Wiley & Sons, Aug 28, 2006 - Business & Economics - 800 pages
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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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Chapter 1 Retirement Income Basics
Chapter 2 Annuity Categorization
Chapter 3 Immediate Fixed Annuity Mechanics NonLifeContingent
Chapter 4 Immediate Variable Annuity Mechanics NonLifeContingent
Chapter 5 Annuity Payout Options
Chapter 6 Annuitant Populations and Annuity Present Values
Chapter 7 Immediate Variable Annuity Subaccounts
Chapter 8 Rate of Return
Chapter 15 Securities Law
Chapter 16 Forms of Insurance and Insurers
Chapter 17 IVA Business Value to Annuity Company
Chapter 18 Product Development Trends
Chapter 19 Conclusion
Quotable Wisdom Regarding Longevity

Chapter 9 Reserves and RiskBased Capital
Chapter 10 Immediate Variable Annuity Taxation
Chapter 11 Services and Fees
Chapter 12 Product Distribution
Chapter 13 Individual Immediate Variable Annuity Underwriting
Chapter 14 Legal Issues
About the Author
Index to Notation
Subject Index

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About the author (2006)

JEFFREY K. DELLINGER, a Fellow of the Society of Actuaries and a member of the American Academy of Actuaries, has over twenty-five years of experience in the financial services sector. As President of Longevity Management Corporation, Mr. Dellinger advises institutions on retirement income optimization, products, and markets. Previously, Mr. Dellinger headed the Individual Annuity Profit Center at The Lincoln National Life Insurance Company, the third largest U.S. annuity writer. While at Lincoln, Mr. Dellinger designed every individual annuity product sold. Dellinger is a Phi Beta Kappa graduate of Indiana University, with a bachelor’s and master’s degree in mathematics.

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