From the Inside Flap
Variable income annuities meet a very real need. Their insurance element guarantees an inexhaustible lifetime income at the maximum level possible, superior to all alternatives. Their investment element lets annuity owners invest in the asset class that provides the greatest opportunity for retirement income that grows faster than inflation.
The Handbook of Variable Income Annuities is by far the most comprehensive source of information on this most important, most timely financial concern in America today—how to optimally receive retirement income. Spend too much or live too long and you're destitute. Live off just the interest leaving the principal untouched, and you've unnecessarily reduced your standard of living.
The Handbook of Variable Income Annuities helps you become comfortable with your hugely important retirement income decisions. You'll be able to "see the DNA" of these retirement income arrangements. Novices and experts alike will understand why these offer retirement income security superior to what any individual—no matter how well educated or investment savvy—can achieve alone.
Many disciplines—mathematics, investments,law, demography, biology, economics, taxation, marketing, distribution, psychology—affect variable income annuities, and they are brought together in this vital book. In a clear and straightforward manner, this book describes the most important principles of optimal asset liquidation through topics that include:
- Retirement income approaches
- Forms of annuities
- Investment subaccounts
- Rates of return
- Law and taxation
- Sales and product distribution
Fewer defined benefit pension plans, uncertainty over Social Security, greater reliance on turning one's IRA and 401(k) balances into income, inadequate retirement savings, and lengthier retirements all prompt a greater interest in variable income annuities.
Variable income annuities genuinely offer you and billions of people around the globe the opportunity to enjoy a more financially secure, worry-free experience during the final decades of life—free from anxiety about outliving your wealth, free to control the asset classes in which you invest, and free from having to be your own personal pension administrator. Filled with in-depth insight and expert advice, The Handbook of Variable Income Annuities can help you understand and implement this important financial instrument.
From the Back Cover
Praise for The Handbook of Variable Income Annuities"This wonderful book fills a big void by providing us with a complete picture of how the many aspects of retirement income fit together. The author's perspective that longevity is not a certainty to be saved for but a risk to be insured against redefines the future of the insurance industry."
—Jon A. Boscia, Chairman and Chief Executive OfficerLincoln Financial Group
"As the baby boom generation approaches retirement, planning for the golden years will assume an increasingly central role. Jeff Dellinger brings to this work broad, long-standing, and distinguished experience in the annuities field. This book is a great help to those who endeavor to enjoy retirement safely and anxiety-free."
—Mark Souder, United States Congressman
"Straightforward and clear, The Handbook of Variable Income Annuities describes the most important principles of optimal asset liquidation. It demystifies variable income annuities, givingfinancial professionals a high comfort level with this instrument, which is so important to the retirement security of Americans and others around the globe."
—Norse N. Blazzard, JD, CLU, Principal, Blazzard, Grodd & Hasenauer PC founder and past chairman of the National Association for Variable Annuities
"The Handbook of Variable Income Annuities is the first book to rigorously present and unify the key ingredients that explain why a variable income annuity produces a better lifetime income result than alternatives. It is an imperative read for all financial professionals who aspire to serve retirees and prospective retirees."
—R. H. "Rick" Carey, founderThe VARDS Report
With trillions of dollars in retirement savings programs at stake, and millions of Americans on the precipice of applying these savings to generate retirement income, you can't afford to be without the knowledge, insights, and timely perspective this fascinating and comprehensive work offers. A must-read for those preparing for the tidal wave of retirees facing the very real, very important task of seeing their decades of accumulated wealth carry them through the totality of retirement safely, successfully, and with the prospect that their best standard of living lies ahead!
