Description: Often an investor is offered an annuity for a fixed purchase price. The computation of the yield rate implied by this transaction must presently be computed by an iteration scheme, usually on a computer. With reasonable parameters, the problem of determining the yield rate can be readily solved with a desk calculator. From the Actuarial Research Clearing House 1982, Vol.1.

Description: This is an article that was written by the chairman of the committee that developed 1983 Table a, which NAIC has adopted for individual annuity valuation. This article compares the mortality rates in the 1983 Table a with those of two prior annuity tables.

Description: The 1990s saw the rise of many types of variable investment products within the life insurance industry. It was only natural that hedging strategies and products would emerge in response to the inherent risk of loss of value in variable life and annuity products. This article explains a 21st-century twist on the concept for annuities, the Enhanced Earnings Death Benefit EEDB Rider.

Description: Provides in-depth discussion of IRS Rev. Proc. 2008-24, including tax background of partial annuity exchanges. Then discusses partial annuitizations and “modified endowment contracts.”

Description: This article explores the development of the annuity market in the UK over the past 20 years. It examines the explosive growth achieved by the enhanced annuity market and delves into the kinds of customers attracted by these products and the kinds of enhancements typically presented. It also explores the impact of government policy changes which have lead to annuity volumes declining and 'drawdown' product becoming more popular.

Description: This paper considers the risk that actual mortality will be lower than the mortality assumed when pricing life annuities on impaired lives. It develops a method for managing this risk through a Provision for Adverse Deviation PAD.

Description: The article summarizes several recent private letter rulings from the IRS addressing the "investor control" doctrine in the context of funds of funds.

Description: The paper is an individual risk theoretical examination of annuities for the aged. Through retirement systems, social security and insurance plans, annuities for the aged are a very significant matter and are worthy of inquiry. From the Actuarial Research Clearing House 1992 Vol. 2.

Description: This is an article about how to place value on an annuity benefit.

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.