The Calculus Of Retirement Income: Financial Models For Pension Annuities And Life Insurance,New Danesi A Member Of The Western

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The Calculus Of Retirement Income: Financial Models For Pension Annuities And Life Insurance,New Danesi A Member Of The WesternThis 2006 Book Introduces And Develops The Basic Actuarial Models And Underlying Pricing Of Lifecontingent Pension Annuities And Life Insurance From A Unique Financial Perspective. The Ideas And Techniques Are Then Applied To The Realworld Problem Of Generating Sustainable Retirement Income Towards The End Of The Human Lifecycle. The Role Of Lifetime Income, Longevity Insurance, And Systematic Withdrawal Plans Are Investigated In A Parsimonious