public GMWBRider(Person person, Annuities annuity)
{
int growthYears = Math.Max(accumulation, person.retirementDate - DateTime.Now.Year);
if (annuity.annuityTime == AnnuityTime.Immediate)
{
growthYears = 0;
}
benifitBase = FutureValue.GetFutureValue(annuity.initialAmount, rollUp, growthYears);
annualIncome = (benifitBase * minimumPercentage) * (1 - fee);
annuity.distributionsBeforeTax = annualIncome;
annuity.gmwb = true;
annuity.yearsOfPayments = (int)Math.Round(benifitBase / annualIncome);
if (annuity.annuityTax == AnnuityTax.Qualified)
{
annuity.exclusionRatio = annuity.initialAmount / benifitBase;
}
else
{
annuity.exclusionRatio = 0;
}
}
public DBRider(Person person, Annuities annuity)
{
annuity.DB = true;
int growthYears = Math.Max(accumulation, person.retirementDate - DateTime.Now.Year);
if (annuity.annuityTime == AnnuityTime.Immediate)
{
growthYears = 0;
}
annuity.rate -= (annuity.extraFees + fee);
annuity.distributionsBeforeTax = PaymentCalculator.GetPayments(annuity.lumpSumAtRetirement, annuity.rate, annuity.yearsOfPayments);
annuity.totalExpectedReturn = annuity.distributionsBeforeTax * annuity.yearsOfPayments;
annuity.exclusionRatio = 0;
if (annuity.annuityTax == AnnuityTax.Qualified)
{
annuity.exclusionRatio = annuity.initialAmount / annuity.totalExpectedReturn;
}
}
public GLWBRider(Person person, Annuities annuity)
{
annuity.glwb = true;
if (annuity.annuityTime == AnnuityTime.Immediate)
{
growthYears = 0;
benifitBase = annuity.initialAmount;
}
else
{
growthYears = Math.Max(accumulation, person.retirementDate - DateTime.Now.Year);
benifitBase = FutureValue.GetFutureValue(annuity.initialAmount, rollUp, growthYears);
}
//Limits should be imposed on the user to not allow glwb if they are out of the range annuities allow
try
{
lifetimeWithdrawlRate = (LifeExpectancy.glwbTable[person.age + growthYears]);
}
catch (IndexOutOfRangeException exception)
{
Console.WriteLine(exception);
lifetimeWithdrawlRate = 0;
}
annualIncome = (lifetimeWithdrawlRate * benifitBase) * (1 - fee);
annuity.distributionsBeforeTax = annualIncome;
if (annuity.annuityTax == AnnuityTax.Qualified)
{
annuity.exclusionRatio = annuity.initialAmount / benifitBase;
}
else
{
annuity.exclusionRatio = 0;
}
}
public Qualified(Brokerage stock, Person person)
{
qualDefFix = new AnnuityFactory(AnnuityTax.Qualified, AnnuityTime.Deferred, AnnuityRate.Fixed, person, stock);
qualDefVar = new AnnuityFactory(AnnuityTax.Qualified, AnnuityTime.Deferred, AnnuityRate.Variable, person, stock);
qualImFix = new AnnuityFactory(AnnuityTax.Qualified, AnnuityTime.Immediate, AnnuityRate.Fixed, person, stock);
qualImVar = new AnnuityFactory(AnnuityTax.Qualified, AnnuityTime.Immediate, AnnuityRate.Variable, person, stock);
fixedIm = qualImFix.yearlyBreakdown;
fixedDef = qualDefFix.yearlyBreakdown;
varIm = qualImVar.yearlyBreakdown;
varDef = qualDefVar.yearlyBreakdown;
fixedImYearly = qualImFix.afterTaxIncome;
fixedDefYearly = qualDefFix.afterTaxIncome;
varImYearly = qualImVar.afterTaxIncome;
varDefYearly = qualDefVar.afterTaxIncome;
fixedDefAsset = qualDefFix.assetValue;
fixedImAsset = qualImFix.assetValue;
varDefAsset = qualDefVar.assetValue;
varImAsset = qualImVar.assetValue;
Annuities.FinishStock(stock);
}
