State-dependent fees for variable annuity guarantees
Contenido multimedia no disponible por derechos de autor o por acceso restringido. Contacte con la institución para más información.
| Tag | 1 | 2 | Valor |
|---|---|---|---|
| LDR | 00000cab a2200000 4500 | ||
| 001 | MAP20140046034 | ||
| 003 | MAP | ||
| 005 | 20141209164426.0 | ||
| 008 | 141205e20140901esp|||p |0|||b|spa d | ||
| 040 | $aMAP$bspa$dMAP | ||
| 084 | $a6 | ||
| 100 | $0MAPA20090034792$aBernard, Carole | ||
| 245 | 1 | 0 | $aState-dependent fees for variable annuity guarantees$cCarole Bernard, Mary Hardy, Anne Mackay |
| 520 | $aFor variable annuity policies, management fees for the most basic guarantees are charged at a constant rate throughout the term of the policy. This creates a misalignment of risk and income the fee income is low when the option value is high, and vice versa. In turn, this may create adverse incentives for policyholders, for example, encouraging surrenders when the options are far out-of-the-money. | ||
| 773 | 0 | $wMAP20077000420$tAstin bulletin$dBelgium : ASTIN and AFIR Sections of the International Actuarial Association$x0515-0361$g01/09/2014 Volumen 44 Número 3 - septiembre 2014 |