The Calculus of Retirement Income: Financial Models for Pension Annuities and Life Insurance

Life Insurance
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The Calculus of Retirement Income: Financial Models for Pension Annuities and Life Insurance

Product Description
The book introduces and develops the basic actuarial models and underlying pricing of life-contingent pension annuities and life insurance from a unique financial perspective. The ideas and techniques are then applied to the real-world problem of generating sustainable retirement income towards the end of the human life-cycle. The role of lifetime income, longevity insurance, and systematic withdrawal plans are investigated in a parsimonious framework. The underlying technology and terminology of the book are based on continuous-time financial economics by merging analytic laws of mortality with the dynamics of equity markets and interest rates. Nonetheless, the book requires a minimal background in mathematic… More >>

$39.15

Life Insurance

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