躉繳遞延年金在美國已成最受歡迎的壽險商品，究其原因，實是該商品具

備庇護的茲息收益、特惠的稅賦措施、投資的安全性及多樣化的提款選擇

權等特色。在美國常見的年金商品選擇權，如：豁免條款、免費部份提款

、無部份提款之加給、市場價值調整、兩層利率年金、提前年金化、年金

化前之死亡給付等等，其用意是在保單累積期中給予保戶較自由資金運用

的權利，藉此吸引顧客並與銀行之儲蓄商品來競爭。在準備金提存方面，

其現金價值累積是與市場利率有密切關係，性質迴異於以往的壽險型年金

商品，一般壽險準備金方法無法運用於該類商品，故美國ＮＡＩＣ於１９

７６年提出監理官制年金準備金評價方法（ＣＡＲＶＭ），以作為該類商

品責任準備金之最低提存標準。未來國內年金發展方向應會朝向美國模式

，以及早規劃適當的年金準備金方法。

Discussing the liability reserveof annuity from American Single

Premium deferred Annuity(SPDA)

(一) 書籍、論文：
1. 李家泉 著 , 實用壽險數理 , 民國76年7月增訂第9版。
2. 古瀨政敏 撰著 , 賴健業 譯述 ,美國壽險公司之新經營策略 , 財團法人 保險事業發展中心出版 , 民國81年1月。
3. 自監理立場論年金保險之費率、設計、與準備金之研究 , 財政部保險司 編印 , 民國82年9月。
4. 洪鴻銘 撰 , 個別人壽保險責任準備金之研究 , 民國66年12月。
5. 黃裕哲 撰 , 壽險保單不喪失價值之研究 , 民國68年6月。
6. 田祚貞 撰 , 個人年金保險之研究 , 民國81年6月。
7. 李惠錦 撰 , 期間分析應用於壽險業資產負債管理之研究 , 民國82年6月。

(二) 期刊資料：
1. 鄭榮治 , "有關壽險責任準備金提存標準之探討" , 中華民國精算學會學報 , 第一期 , 民國66年3月。
2. 方明川 , “個人年金之再保險簡論” , 壽險季刊第89期。
3. 方明川 , “壽險業與年金的資產-負債管理問題與分析” , 壽險季刊第90期。
4. Harold D, Skipper, 歐興隆 譯 , "美國年金的性質與重要性及其適用於臺灣的可行性” , 壽險季刊第90期。
5. 方明川 , “年金保險與稅賦” , 保險專刊第28輯。
6. 吳福山 , “從美國年金銷售與所得稅制　談我國個人年金之發展” , 保險專刊第31輯。
7. 柯典偉 , “年金概論” , 中華民國精算學會會報第15期(第一冊)。
8. 陳清江、尤慶文 , “個人年金商品之探討” , 中華民國精算學會會報第15期(第一冊)。
9. 林秀齡 , "現金流量分析簡介” ,中華民國精算學會會報第16期(第一冊)。
10. 邵慧中 , “壽險公司資本額需多少？” , 中華民國精算學會會報 第16期(第一冊)。
11. 許健文 , “個人年金保險責任準備金探討” , 中華民國精算學會會報 第16期(第一冊)。
12. 張秋政 , “躉繳保費年金和相關產品之評估” , 中華民國精算學會會報 第17期(第一冊)。
13. 朱立明 , “人壽保險公司資金之資產管理” , 中華民國精算學會會報 第17期(第二冊)。

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