Structured indexed annuity is a new product that entered the U.S. market in 2013. With features from both variable annuities and fixed annuities, it has gained popularity and increased market share since its introduction. The information shared in this session is intended to “demystify” the product, providing an overview of product features and reserving considerations, meet the needs of actuaries focused on annuity product development, and reserve valuation.
At the conclusion of the session, attendees will be able to:
- Identify the product features of a structured indexed annuity
- Describe its differences with other types of annuities
- Evaluate reserving considerations