Description: This presentation from the Actuarial Research Conference of 2006 is an overview of Guaranteed Minimum Withdrawal Benefits. It briefly discusses pricing.

Description: This abstract describes a paper that implements a lifetime utility model including both GMDB options and term life insurance and allowing the policyholder to optimize both consumption and fund allocation decisions.

Description: This paper proposes weighted fund style analysis as a better method to hedge market risks of variable annuities.

Description: Discussion of the March 1, 2013 Internal Revenue Service (“IRS”) release of PLR 201309011, which addresses the application of the section 817(h) diversification requirements to variable contracts that have invested in illiquid investment vehicles (the “Funds”).

Description: This article provides an update on Department of Labor's fiduciary regulation for retirement plans/investors focusing on a July 2017 request for information.

Description: This paper discusses the proposed compulsory savings program combined with transparent investment vehicles designed to promote competition based on expense levels, fund performance and customer service. At retirement 50% of the account is annuitized in Participating Variable Annuity (PVA) backed by TIPS. All investment experience, expenses, and pooled longevity experience is passed to annuitants through periodic benefit adjustments. Annuities are priced uniformly based on age at commencement.

Description: This web page describes the new Variable Annuity Guaranteed Living Benefits Utilization study.

Description: This article describes how to model variable annuities using a GPU along with some of the stumbling blocks.

Description: Feature article discussing the variable annuity industry rebuilding and reinventing itself.

Description: Derives appropriate hedge ratios for CPPI strategies, taking into account discrete hedge times and market dislocations (gap risk).