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  #1  
Old 09-13-2017, 05:11 PM
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Default Best book for learning annuities

Any recommendations for learning about annuities for a life FSA new to the annuity business?
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Old 09-13-2017, 05:32 PM
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Originally Posted by simonbelmont View Post
Any recommendations for learning about annuities for a life FSA new to the annuity business?
Did you study life contingencies?
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Old 09-13-2017, 06:56 PM
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Yes, looking for something more in depth about different product types, specifically FIAs
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Old 09-13-2017, 07:11 PM
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I suspect google search will do you more good than a "book." JMO of course.
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Pluto is no longer a planet and I am no longer an actuary. Please take my opinions as non-actuarial.


My latest favorite quotes, updated Oct 13, 2017.

Spoiler:
I should keep these four permanently.
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Originally Posted by rekrap View Post
JMO is right
Quote:
Originally Posted by campbell View Post
I agree with JMO.
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Originally Posted by Westley View Post
And def agree w/ JMO.
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Originally Posted by MG View Post
This. And everything else JMO wrote.
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Originally Posted by Dr T Non-Fan View Post
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Old 09-13-2017, 07:48 PM
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Sounds good, thanks!
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Old 09-13-2017, 07:57 PM
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Not sure which track you went down, but the ILA exams had a handful of annuity articles on them that you would likely find useful. You could download the syllabus for each of the exams (LP, LFV, and ERM), find the annuity articles, and look online for them.

Most of those articles should be easy enough to find with google.
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Old 09-14-2017, 11:37 AM
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I've often found looking at actual products to be most educational. e.g., Google "Company XYZ Name Brand Fixed Indexed Annuity" and you can usually find marketing and disclosure materials that walk through exactly how their particular product works as well as the positioning.
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Old 09-14-2017, 03:15 PM
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The Annuity Answer Book is very helpful, but no so much on product design.
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Old 09-15-2017, 11:09 AM
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Also worth flipping through the agendas for meetings this year or last year (eg Life & Annuity Symposium, Val Act, Annual Meeting) and flipping through the posted slide decks on topics that are relevant to your role or questions you have.

Honestly, you know the basics from the exam syllabus... read the contracts for your company's products, look at the marketing materials (90% of which you can skim since they all say the same thing), ask questions of your colleagues. There is a diversity of practice between companies, in spite of what the exams would lead you to believe.
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Old 09-18-2017, 07:16 PM
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Googling worked well. I found a link to the 2016 Milliman pricing survey for indexed annuities. Check it out.

https://www.soa.org/Library/Newslett...-yadatore.aspx
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