Abstracts » Insurance

Single premium immediate annuity payouts study

Article Abstract:

Monthly payouts for single premium immediate annuities declined between 1985 and 1995, according to a study by Best's Policy Reports. The downward trend is consistent with other investment products that react to interest rates. The payout rate for annuities with a life and 10-year certain option fell 23% in that period, while the rate for fixed accumulation products fell 37%. A table showing the rates for the available products for male and female annuitants is provided. The rates are listed by company, divided into qualified and non-qualified, and broken down into age groups.

---

Fewer new life policies aid average policy size; whole life and term insurance policies accounted for 22.6% of the life/health industry's $78.18 billion premium income in 1995

Article Abstract:

Average policy sizes for in-force and issued ordinary life insurance increased in 1995, which helped to offset a decline in the number of ordinary life policies issued during the year. Average ordinary life policy size increased to $80,108, a 2.2% increase over 1994, while the number of ordinary life policies written decreased to 14.2 million, a 0.8% decline from 1994. Statistics for mutual insurers, stock companies, whole life policies, and term policies are also provided.

Insurance policies

---

Single premium immediate annuity payouts

Article Abstract:

Single premium immediate annuity (SPIA) payouts are decreasing due to the anticipation of future investment earnings of the company and the underlying investments linked to each policy type. Policy holders are attracted to SPIAs because they provide a constant source of income. SPIA plans contain a variety of options, including a Lifetime Only option, a Lifetime with Installment Refund option and a Life with Period Certain option.

Product information, Prices and rates

Some parts © 2012 Advameg, Inc.