More than ever before, pension fund and life insurance liabilities are sensitive to changes in mortality. In the UK, annuity and deferred annuity liabilities of pension schemes and insurers amount to over ú1 trillion. Historically much attention has been paid to investment risks but increasingly recognition is being given to...
For companies involved in the high-tech market, their field service, returns management, and reverse logistics programs should be continually evaluated with evolving performance metrics. Leadership within these areas can be the basis for a solid customer annuity program to help distinguish a company from its competitors and create a distinct...
The census bureau finds that individual with family income of $50,000 or more account for 11 million individuals (or 25 percent of the uninsured) and is the fastest-growing segment of the uninsured. This report examines why this apparently high-income population does not have health insurance coverage. The most recent Census...
The annuity in its simplest form is a contract between you and the issuing insurance company. Annuities can be a useful place to invest some money if one has exhausted all other tax-deferred retirement plan options, but if one really need to do your homework. In many cases, it may...
Using a range of data consistent with the German experience, the paper evaluates several alternative designs for phased withdrawal strategies, allowing for endogenous asset allocation patterns, and also allowing the worker to make decisions both about when to retire and when to switch to an annuity. The paper shows that...
As a financial product sold by life insurance companies, it's no surprise that variable annuities have similar features to life insurance. Variable annuities are a hybrid financial product, combining features of mutual fund investing and life insurance. A variable annuity is a contract. You buy the contract with an initial...
This paper evaluates the extent of adverse selection in life insurance and annuities in international markets, for both group and individual products. The results help assess the extent to which life insurers can hedge mortality exposure by writing both life insurance and annuities, and they may be used to determine...
The purpose of the model act and regulation developed by that working group was to regulate the activities of insurers and producers that make recommendations to consumers to purchase certain life insurance and annuity products to ensure that insurers and producers will make suitable recommendations based on relevant information obtained...
A life insurance policy allows you to set aside money now to provide a measure of financial security for your family upon your death. It can help your family meet the financial needs previously covered by your income. The paper further depicts that insurance policy provides more life insurance coverage...
This paper revisits the importance of longevity insurance—while discussing the concerns with a strategy consisting purely of fixed payout annuities—and then addresses the proper asset allocation between conventional financial assets and payout annuity products. Its focus is on maximizing a suitably defined objective function in an intuitive, comprehensible and practical...
A Grantor Retained Annuity Trust ("GRAT") is one of the estate planning techniques based primarily on interest rate assumptions. Clients create GRATs using assets that are likely to earn more than the Internal Revenue Service's measuring standard during the GRAT term in an effort to pass the appreciation in the...
In some situations, investing in variable annuities VAs may be a good choice, while in others investing in securities held within a taxable account may be more appropriate. The primary objective of this article is to develop client profiles for potential VA owners and for current VA owners who might...
"Our paper will examine the growth prospects and accompanying risks for the insurance industry in the payout annuity marketplace. By answering market demands in the payout annuity market and providing equity market participation with downside protection over the life of an annuitant, an insurance company exposes itself to a...
This paper evaluates the extent of adverse selection in life insurance and annuities in international markets. We examine the extent of adverse selection in group and individual life insurance. In addition we also compare results with prior analyses of adverse selection in international annuity markets, focusing on the US.Our results...
The purpose of this Act is to establish disclosure requirements and standards for the determination of nonforfeiture values and guaranteed and non-guaranteed elements pertaining to life insurance and annuity contracts. The development and maintenance of Plans are intended to provide an equitable and consistent method of treating policyholders and determining...
WEST DES MOINES, Iowa -- FBL Financial Group, Inc. (NYSE: FFG) today announced that its Board of Directors declared a quarterly cash dividend of $0.125 per share on its Class A and Class B common stock. The dividend will be payable on September 30, 2008 to shareholders of...
THEN INVESTMENT COLUMN Our view: Hold Share price: 108.3p (+11.7p) Nice surprises have been few and far between for investors in recent months, which makes yesterday's prediction-busting first- half figures from the insurer Legal & General all the more welcome....
Net income of $6.2 million Life and Annuity earnings remain comparable to a year ago despite market deterioration HARTFORD, Conn. -- The Phoenix Companies, Inc. (NYSE: PNX) today reported net income of $6.2 million, or $0.05 per diluted share, and operating income of $14.8 million, or...
NEW YORK -- Fitch Ratings has affirmed the insurer financial strength IFS ratings of Guardian Life Insurance Company of America and its wholly owned subsidiary, Guardian Insurance & Annuity Company, Inc. collectively referred to as Guardian. The Rating Outlook is Stable. Guardian's ratings reflect exceptional risk-adjusted capital strength...
CHICAGO -- Fitch Ratings affirms the ratings of New York Life Insurance Company NYLIC and its wholly owned subsidiary, New York Life Insurance and Annuity Corporation NYLIAC -- together referred to as New York Life see complete list of Ratings below. The ratings reflect New York Life's very strong balance...
Articles 2008-07-31
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