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Author : Louis J. Lombardi
Publisher : ACTEX Publications
ISBN 13 : 1566985609
Total Pages : 301 pages
Book Rating : 4.04/5 ( download)
Download or read book Valuation of Life Insurance Liabilities written by Louis J. Lombardi and published by ACTEX Publications. This book was released on 2006 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Martin Janecek
Publisher : LAP Lambert Academic Publishing
ISBN 13 : 9783659277368
Total Pages : 144 pages
Book Rating : 4.63/5 ( download)
Download or read book Valuation Techniques of Life Insurance Liabilities written by Martin Janecek and published by LAP Lambert Academic Publishing. This book was released on 2012 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: The intention of this work is to contribute to the current actuarial discussion about valuation of life insurance liabilities with a summary of current most frequent valuation methodologies. It started with the most traditional one (called "Statutory Valuation Approach") still usually required by the local regulations, continued through the more developed ones (deterministic Embedded Value approach and deterministic estimation of the Fair Value) to the most recent one - stochastic Fair Value approach via interest rates simulations. It is intended to give a more detailed overview of the methodologies not only in a way of a general description but in a way of specific mathematical formulas and numerical examples as well in order to observe their mutual relations and similarities, their positives and negatives. The real process of the stochastic liability fair value calculation under the interest rate simulations is showed at the second part of the work. The work includes an explanation of all important issues, steps and results.
Author : Mark A. Tullis
Publisher : Actex Publications Incorporated
ISBN 13 : 9781566982269
Total Pages : 191 pages
Book Rating : 4.6X/5 ( download)
Download or read book Valuation of Life Insurance Liabilities written by Mark A. Tullis and published by Actex Publications Incorporated. This book was released on 1996-10-01 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Irwin T. Vanderhoof
Publisher : Springer Science & Business Media
ISBN 13 : 1475767323
Total Pages : 389 pages
Book Rating : 4.22/5 ( download)
Download or read book The Fair Value of Insurance Liabilities written by Irwin T. Vanderhoof and published by Springer Science & Business Media. This book was released on 2013-04-17 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores theoretical and practical implications of reflecting the fair value of liabilities for insurance companies. In addition, the contributions discuss the disclosure of these values to the financial and regulatory communities and auditing firms which are actually calculating this illusive but important variable. It combines contributions by distinguished practitioners from the insurance, accounting and finance fields, with those of prominent academics. One of the central themes of the collection is that adequate disclosure of the true economic value of insurance company liabilities is both possible and desirable. Wherever possible, the insurance valuation process is wedded with modern financial theory. For example, the use of option pricing theory is applied to insurance companies, where the true value of the firm's liabilities is a critical variable. Methods such as cash flow, earned profit and indirect discount are explored.
Author : Stephan Leimberg
Publisher :
ISBN 13 : 9781949506471
Total Pages : 696 pages
Book Rating : 4.79/5 ( download)
Download or read book The Tools & Techniques of Life Insurance Planning written by Stephan Leimberg and published by . This book was released on 2019-06-24 with total page 696 pages. Available in PDF, EPUB and Kindle. Book excerpt: Life insurance remains one of the cornerstones of financial planning. If you provide life insurance to planning to clients, or are looking to expand your business in this key area, this book is a must-have. Written for a wide range of professional planners, such as insurance producers, financial planners, tax advisors, and estate planners, the expert authors of The Tools & Techniques of Life Insurance Planning apply the trusted Tools & Techniques approach to all aspects of life insurance planning, including: The primary reasons for using life insurance Illustrations of 1035 exchanges and the various tax rules that can result in unexpected tax liabilities Planning techniques for retirement income needs, estate and gift tax avoidance, estate liquidity needs, and long-term care planning Planning techniques for individuals and businesses, including key personnel policies and buy-sell agreements Plain-language descriptions of potential tax consequences and strategies that plans can use to minimize tax liabilities Detailed explanations of how life insurance funds are allocated between charges and investment accounts and how different investment options are calculated New in the 8th Edition: Completely updated tax and accounting information that incorporates the 2017 Tax Cuts and Jobs Act Expanded coverage of 1035 exchanges, including new improved valuation techniques that can reduce the time required to complete an exchange In-depth planning techniques for pension maximization and buy-sell agreements Detailed discussion of annuity types and tax consequences, including QLACs In-depth analysis of life insurance riders Planning techniques for using life insurance in qualified and nonqualified plans New chapter on state best interest requirements for life insurance products, including New York's Section 187 Topics Covered: How to Estimate the Insurance Need How to Determine the Right Company and Policy Legal Aspects of Life Insurance Special Policy Provisions and Riders Disability Income Insurance Life Insurance Income Taxation and Planning Opportunities Life Insurance Valuation Estate Taxation of Life Insurance Buy-Sell Agreements Death Benefit Only (DBO) Plan Irrevocable Life Insurance Trusts Split-Dollar Life Insurance Current Trends in Life Insurance Planning And more! See the "Table of Contents" section for a full list of topics As with all the resources in the highly acclaimed Leimberg Library, every area covered in this book is accompanied by the tools, techniques, practice tips, and examples you can use to help your clients successfully navigate the complex course of trust planning and confidently meet their needs.
Author : Mario V. Wüthrich
Publisher : Springer Science & Business Media
ISBN 13 : 3642148522
Total Pages : 164 pages
Book Rating : 4.21/5 ( download)
Download or read book Market-Consistent Actuarial Valuation written by Mario V. Wüthrich and published by Springer Science & Business Media. This book was released on 2010-09-02 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is a challenging task to read the balance sheet of an insurance company. This derives from the fact that different positions are often measured by different yardsticks. Assets, for example, are mostly valued at market prices whereas liabilities are often measured by established actuarial methods. However, there is a general agreement that the balance sheet of an insurance company should be measured in a consistent way. Market-Consistent Actuarial Valuation presents powerful methods to measure liabilities and assets in a consistent way. The mathematical framework that leads to market-consistent values for insurance liabilities is explained in detail by the authors. Topics covered are stochastic discounting with deflators, valuation portfolio in life and non-life insurance, probability distortions, asset and liability management, financial risks, insurance technical risks, and solvency.
Author : James M. Hudnut
Publisher :
ISBN 13 :
Total Pages : 174 pages
Book Rating : 4.87/5 ( download)
Download or read book Studies in Practical Life Insurance written by James M. Hudnut and published by . This book was released on 1911 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : United States. Congress. House. Ways and Means
Publisher :
ISBN 13 :
Total Pages : 502 pages
Book Rating : 4.68/5 ( download)
Download or read book Taxation of Income of Life Insurance Companies written by United States. Congress. House. Ways and Means and published by . This book was released on 1958 with total page 502 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Edward L. Robbins
Publisher : ACTEX Publications
ISBN 13 : 1625423837
Total Pages : 545 pages
Book Rating : 4.32/5 ( download)
Download or read book Tax Basis Assets and Liabilities of U.S. Life Insurers written by Edward L. Robbins and published by ACTEX Publications. This book was released on 2015-03-08 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new, innovative textbook, a sequel to US Tax Reserves for Life Insurers published in 2005, provides authoritative guidance and mathematical approaches to calculating both actuarial tax basis liabilities (reserves and related items) and assets (primarily invested assets and deferred taxes). The text provides an introduction to statutory and tax reserve planning and includes a detailed discussion of the pertinent parts of the authoritative guidance, including extensive references to specific cases and rulings. This sequel provides significant detail on investment tax accounting and offers an introduction to tax aspects of business combinations.
Author : Irwin T. Vanderhoof
Publisher : Springer Science & Business Media
ISBN 13 : 1461546230
Total Pages : 327 pages
Book Rating : 4.38/5 ( download)
Download or read book The Fair Value of Insurance Business written by Irwin T. Vanderhoof and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: Insurance companies, as well as banks and thrift institutions, have traditionally reported assets and liabilities on the basis of their amortized cost, or book value. But following the turmoil in securities markets due to highly volatile interest rate fluctuations in the 1980s and the early 1990s, and problems caused by inadequate liquidity, in the mid-1990s the Financial Accounting Standards Board (FASB) issued a new ruling calling for financial intermediaries to report the fair, or market, value of most assets. Called FAS 115, this new standard is the first step in the eventual change to valuing all the assets and liabilities belonging to financial intermediaries under the fair value accounting method. Thus, these changes will pose tremendous future implications for three key business measures of a financial intermediary: Solvency: if the fair values of assets and liabilities are out-of-step, then healthy companies may report negative net worth and insolvent companies may appear to be in sound financial condition. Reported Earnings: if the fair values of assets and liabilities are out of step, then reported earnings will not accurately represent the financial operations of the company. Risk Management: FASB recently postponed the implementation of its new rules on accounting for the use of derivatives instruments. However, if the final set of rules for figuring the fair value of derivatives is not carefully crafted, it may be possible that companies prudently hedging their risks are subject to penalties in their financial reports, while companies taking greater risks appear to have less volatile financial performance. Compared to banks and other financial intermediaries, life insurance companies have the longest term and most complex liabilities, and hence the new FASB requirement poses the most severe challenges to the life insurance industry. The lessons learned from the debate among life insurance academics and professionals about how respond to the fair value reporting rule will be instructive to their counterparts in other sectors of the insurance industry, as well as those involved with other financial institutions. Of particular note are the two papers which comprise Part III. The first provides examples of the fair valuing of annuity contracts, while the second offers examples of the fair valuing of term insurance products. As the papers collected in The Fair Value of Insurance Business extend and update some of the issues treated in a previous Salomon Center conference volume, The Fair Value of Insurance Liabilities, this new volume may be viewed as a companion to the earlier book.
