Description: New Study Examines Fixed Indexed Annuity Contract Owner Behavior Society of Actuaries Research Institute and LIMRA Release Latest Experience Studies Pro Report

Description: Living benefits (GLWBs) in fixed index annuity products are typically accounted for under SOP03-1 under current GAAP guidance. LDTI requires companies to classify these riders as Market Risk Benefit (MRB). This webcast focuses on challenges and considerations of the MRB implementation. Industry practices of the reserving approach will be shared during this webcast, as well as hedging and pricing implications.

Description: Save the date for SOA's 2021 Life and Annuity Symposium.

Description: This session at the SOA 1990 San Francisco Regional Meeting is about annuity product development and includes an overview of variable annuity products, fixed product designs, and marketing and distribution issues.

Description: Presented at May 2002 Spring Meeting. Attendees learn of recent financial reporting activity, including Actuarial Guideline MMMM, the new AICPA Standard Of Practice 'SOP' on Non-Traditional contracts, a new SOP on internal replacements, and treatment of annuities under proposed international accounting standards.

Description: The Society of Actuaries and LIMRA have sponsored a Variable Annuity Guaranteed Living Benefit Utilization Study.

Description: This panel discussion is from the 1991 Meeting of the Society of Actuaries, held May 16-17 in New York. The panelists discuss product design issues for annuities, including “CD annuities,” which are like individual guaranteed investment contracts, traditional single premium deferred annuities, ‘SPDAs,’ two-tiered annuities, immediate annuities, and others. They also discuss tax developments, investment strategies, and reserve issues. Discussion from participants is included. From the Record of Society of Actuaries, Volume 17, No. 2.

Description: This study examines the persistency of deferred annuities on a contract anniversary basis for 1992 and 1993 anniversaries. One purpose of this study is to analyze the surrender activity of deferred annuities by selected product, customer, and distribution characteristics. This study is the first to examine surrender activity of all types of deferred annuities.

Description: The author proposes an annuity clearinghouse to encourage employers to offer annuity accumulation products in their defined contribution plans. This addresses the lack of portability that is associated with, and discourages the use of, defined contribution plans.

Description: The article analyzes Private Letter Ruling 202031008, which considers how Internal Revenue Code sections 72(q) and (u) apply to an annuity contract issued to a trust. In particular, the Ruling interprets the terms “taxpayer,” “holder” and “held by” in those Code sections in situations where a non-qualified deferred annuity contract is issued to a grantor trust or a non-grantor trust. The Ruling’s analysis and conclusions differ in some respects depending on which of these types of trusts is involved. In addition, although the Ruling does not address sections 72(s) or 72(e)(4)(C), the Ruling has potential implications under those provisions because they also use the term “holder” and “holds,” respectively.