Annuity Jackson Life National Variable

Dramatic advances in life expectancy mean that today's retirees must plan on living into their eighties, their nineties, and even beyond. Longer life expectancies are the symbol of a prosperous society, but this progress also means that some retirees will need to plan conservatively and cut back substantially on their living standards or risk living so long that they exhaust their resources. This book examines the role that life annuities can play in helping people protect themselves against such outcomes.A life annuity is an insurance product that pays out a periodic amount for as long as the annuitant is alive, in exchange for a premium. The book begins with a history of life annuity markets during the twentieth century in the United States and elsewhere. It then explores recent trends in annuity pricing and money's worth, as well as the economic value generated for purchasers of these products. The book explains the potential importance of inflation-protected annuities and stock-market-linked variable annuities in providing more complete retirement security. The concluding chapters examine life annuities in various institutional settings and the tax treatment of annuity products.

What transformed a frontier bully into the seventh president of the United States? A southerner obsessed with personal honor who threatened his enemies with duels to the death, a passionate man who fled to Spanish Mississippi with the love of his life before she was divorced, Andrew Jackson of Tennessee left a vast personal correspondence detailing his stormy relationship with the world of early America. He helped shape the American personality, yet he remains largely unknown to most modern readers. Now historian Andrew Burstein (The Inner Jefferson, America's Jubilee) brings back Jackson with all his audacity and hot-tempered rhetoric. Most people vaguely imagine Andrew Jackson as a jaunty warrior and man of the people, when he was much more: a power monger whom voters thought they could not do without--a man just as complex and controversial as Jefferson or Lincoln. Declared a national hero upon his stunning victory over the British at the 1815 Battle of New Orleans, this uncompromising soldier capitalized on his fame and found the presidency within his grasp. Yet Burstein shows that Jackson had conceived no political direction for the country. He was virtually uneducated, having grown up in a backwoods settlement in the Carolinas. His ambition to acquire wealth and achieve prominence was matched only by his confidence that he alone could restore virtue to American politics. As the "people's choice," this model of masculine bravado--tall, gaunt, and sickly through-out his career--persevered. He lost the election of 1824 on a technicality, owing to the manipulations of Henry Clay. Jackson partisans ran him again, with a vengeance, so that he became, from 1829 to 1837, apresident bent on shaping the country to his will. Over two terms, he secured a reputation for opposing the class of moneyed men. To his outspoken critics, he was an elected tyrant. Burstein gives us our first major reevaluation of Jackson's life in a generation.