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Fixed indexed annuities with Market Risk Benefits

ByGrace Chang, Li Feng, Bill Matczak, and Karthik Yadatore
28 January 2020

The valuation of Market Risk Benefits (MRBs) on fixed indexed annuities (FIAs) is an area where there is a wide range of approaches emerging and a lack of industry consensus. This paper focuses on the cash flow modeling aspects of MRBs on FIA contracts, especially the methodology for projecting indexed account growth.


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About the Author(s)

Grace Chang

Bill Matczak

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