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

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

Description: Discussion of the biases understatement of risk/reserves that arise when aggregating cells in modeling Variable Annuity Minimum Guaranteed Death Benefits

Description: Feature article discussing fixed indexed annuity (FIA) products with guaranteed lifetime withdrawal benefit (GLWB) riders.

Description: The goal of the survey was to gain insight into companies’ assumptions of variable annuity policyholder behavior in the tail of the C3 Phase II calculation.

Description: Social Security provides financial protection by annuitizing retirement. This is not enough for many. My idea creates an additional annuity via Social Security.

Description: “Non-traditional” guarantees refer to guarantees that are in addition to traditional mortality, expense, and interest guarantees. Examples of such types of guarantees are death and living benefits on variable annuity contracts and no-lapse guarantees on universal life or variable universal life products. The purpose of this paper is to offer practitioners an overview of the various issues concerning the pricing of these guarantees, the many other issues which need to be analyzed and addressed in the determination of risks and the management of the block of business, and the results of a company survey of practices. This paper is based on the working knowledge of the authors, a broad compilation of literature and the company survey results. At the end of most sections of the paper, we have provided a list of resources which we have selected as some of the best sources available for those practitioners interested in researching the subject matter further.

Description: Results from the 2008 survey of the Policyholder Behavior in the Tail [PBITT] working group. The goal of the survey was to gain insight into companies’ assumptions in the tail of a stochastic calculation.

Description: This article Provides a description of an IRS Directive that provides a safe harbor tax reporting position for computing tax reserves for pre-2018 tax years for annuity contracts subject to AG43 and VM-21 and life insurance contracts subject to VM-20 Principal Based Reserves methods. The safe harbor is required to be implemented on the 2017 tax return, with certain spread amounts in some cases to future tax years starting in 2018.