Description: The author offers his proof that an annuity for the life expectancy exceeds a life annuity.

Description: The Society of Actuaries and LIMRA have sponsored a Variable Annuity Guaranteed Living Benefit Utilization Study. This study is an annual update of earlier investigations conducted since 2006.

Description: This session from the 1994 Valuation Actuary Symposium covers life and annuity valuation issues including an update on the Separate Accounts Technical Resource Group, Regulation XXX, a comparison of the unitary reserve method with the segmented reserve method, New York Regulation 147 and an update on the Annuity Nonforfeiture Technical Resource Group.

Description: 1998 SOA Spring Meeting, Maui. Panelists discussed recent product development, tax law changes, and increased competition in the annuity market, and some consequences for reinsurers and annuity writers.

Description: The objective of this paper from the Transactions of Society of Actuaries 1964, Vol. 16, Pt. 1, No. 44 AB, is to illustrate some of the alternative approaches to making approximate probability statements about the present value of life annuities assuming a specified distribution of the random variable, time until death, and a fixed interest rate.

Description: This 1972 report covers intercompany mortality experience on life income settlements arising out of death claims, life income settlements arising out of maturities or cash surrenders, and matured deferred annuity contracts.

Description: it discusses the framework and modeling of the market consistent valuation of fixed indexed annuity, against the backdrop of the convergence of accounting standards and internal risk management.

Description: This abstract describes a paper that considers the valuation of a guaranteed annuity option (GAO) under a generalized modeling set-up where both interest and mortality risks are stochastic and correlated.

Description: The annuity market has been declining while the Registered Index Linked Annuity (RILA) market has been expanding. The presenters will share why the market is growing along with key features and considerations for the product from an actuarial perspective.

Description: This abstract describes a paper that proposes a methodology for valuing annuity contracts based on the Least-Squares Monte Carlo (LSMC) approach.