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  • Fair Value Accounting
    single premium immediate annuity (SPIA). In this case, the duration of the annuity is about ten, the duration ... The duration of the asset that’s backing this annuity is about five, so the assets are shorter than the ...

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    • Authors: Application Administrator, Luke Girard, George Silos, Douglas W Johnson
    • Date: Oct 1996
    • Competency: External Forces & Industry Knowledge>External forces and business performance
    • Publication Name: Record of the Society of Actuaries
    • Topics: Financial Reporting & Accounting>Fair value accounting