Hedging Indexed Annuities

Financial Innovation And The Hedging Of Longevity Risk
Lifetime income options in variable deferred annuities and indexed annuities, particularly in North America and Europe, are now being offered to provide longevity hedging a range of risks including residential property prices. ... Document Retrieval

An Overview Of Equity-Indexed Annuities - SLCG Securities ...
And Sebastian Jaimungal, Pricing and Hedging Equity-indexed Annuities with Variance Gamma Deviates, working paper, November 2004. 12 assume the risk-free interest rate is 4.5%, the dividend yield on the S&P 500 is 2% and the volatility is 25%. ... Fetch Document

VALUATION ACTUARY SYMPOSIUM
Hedging model and it ultimately became the model that was used on an ongoing basis. Communication is key. The last group is the in-force management group. Equity-Indexed Annuities: Modeling and Product Design 18 at these future risk-free rates. ... Get Doc

NAIC Guideline ZZZ: Equity-Indexed Annuities
Equity-indexed annuities have been the rave product of 1996 and part of 1997. They're less popular now as the All the methods are projecting indexed-based benefits with hedging costs reflecting the current environment. ... Fetch Doc

NATIONAL WESTERN LIFE INSURANCE COMPANY - Document Moved
Defined hedging strategies and good asset/liability management (ALM). fixed-indexed annuities (FIAs), and single premium immediate annuities (SPIAs). Both the company’s equity-indexed universal life products and its FIAs provide ... Get Doc

Valuation, hedging And Demand For Ruin-contingent Life ...
Valuation, hedging and demand for ruin-contingent life annuities (RCLA) Tom Salisbury York University, Dept of Math & Stat Indexed Source: National Underwriter (16 March 2008) SPIA. Insurer New Sales (2006) TIAA-CREF $13.8 B. MetLife Co. $13.4 B. ... View Full Source

Bibliography - Life Insurance - Annuities
Higher Reserves for variable Annuities Hinge on Hedging, Fran Matso Lysiak, Best’s Insurance News, 11/3/08 Are Annuities At Risk Now? Equity Indexed Annuities: Risk vs. Reward, Moody's Investors Service, Special Comment, December 1996 ... Fetch Content

Annuities: Beyond The Sales Pitch - Glenn S. Daily - Fee-only ...
Yang, “Reserving, Pricing and Hedging for Policies with Guaranteed Annuity Options, – “Equity-Indexed Annuities: A Complex Choice,” 2005 (www.nasd.com) – Marthe Lie, Snorre Lindset, and Arne-Christian Lund, “Is There a Need for an Industry ... Fetch Full Source

Spread-based Products In The Current Environment
Hedging costs skyrocketed but are improving Expect Rule 151A for Indexed Annuities Rule effectively requires securities registration for sales after January 12, 2011 ... Document Viewer

Variable annuities: Bridging The Divide Sean Flanagan ...
•Annuities •Term Deposits •Equity-Indexed Annuities •Volatility-controlled Structured Products. Which products thrive when? Strong Equity Weak Equity –VA hedging partnerships –Wrapping of structured products • Product boundaries blurring ... Access Full Source

Hedging Guarantees In Variable Annuities (Under Both Market ...
Hedging Guarantees in Variable Annuities (Under Both Market and Interest Rate Risks) Valuation of equity-indexed annuities under stochas-tic interest rate. North American Actuarial Journal, 7(4):72–91, 2003. 16 [21] F. Mercurio and T. C. F. Vorst. ... Content Retrieval

Equity-Indexed Annuities: A View From 1,000 Feet
Equity-Indexed Annuities: A View from 1,000 feet ACSW Fall Meeting November 11, 2005 John A. Adduci, FSA, MAAA Actuarial Associate, PolySystems Inc. Outline of Today’s Presentation: • Product Description and Features – Less cost of hedging ... Read Content

Impact Of Recent Market Turbulence On hedging Programs For ...
Hedging results from the 16 study respondents revealed few unanticipated losses and validated the participants include both variable annuities and fixed indexed annuities. The variety in the size of the survey participants is illustrated in Table 1. ... Document Viewer

Overview Of The Annuity Marketplace - Department Of ...
Variable annuity sales Fixed and equity indexed annuity sales Annuity Sales ($billion) VA sales declined by 15 includes deferred and immediate annuities, EIAs, and MVA (excludes structured settlements). U.S. Annuity Gross Sales 185.5 214.6 210.1 hedging tends to be mainly first order, focusing ... Read More

Recommended Approach For Setting Regulatory Risk-Based ...
Clearly Defined Hedging Strategy. recommendations (e.g., equity indexed annuities) do not currently qualify as a Clearly Defined Hedging Strategy under these recommendations. Guaranteed Minimum Death Benefit (GMDB) - The GMDB is a guaranteed ... Get Content Here

The annuities Market In New Zealand - Document - Document ...
Little evidence that there will be a private market solution to hedging longevity risk (Antolin, indexed annuities are possible but the provider must achieve the assumed real rate of return. For the purchaser the initial annuity level will be ... Read Here

Value-Lock Equity Indexed Annuities TREE Life & Annuity Brokerage
Value-Lock Equity Indexed Annuities AMERICAN NATIONAL INSURANCE COMPANY GALVESTON, TEXAS TREE & Life & Annuity Brokerage 888-591-1341. IMG-May-05 For Agent Use Only 2. IMG-May-05 For Agent Use Only 3 Hedging Options "Standard & Poor's ... View Document

WHITE PAPER THINKING FORWARD ABOUT PRICING AND HEDGING ...
AND HEDGING VARIABLE ANNUITIES. The Danger of Ignoring Correlation Prior to 2008, the industry standard for modeling VA hedge to an Indexed WB (payoff is linked to a reference rate such as a 10-yr swap rate) WITHDRAWALRATE = MIN(FLOOR + PARTICIPATION * ... View This Document

Developing A Hedging Program - The Actuaries' Club Of The ...
Developing a Hedging Program Focused on Dynamic Hedging for Annuities Brian Sprawka November 16, 2007 © 2007 Towers Perrin 1 Presentation outline Equity indexed annuities ... View Doc