Family blog. Family calendar. Family map. Family profiles. Family recipes. Photo albums. Author : Moshe A. This book introduces and develops the basic actuarial models and underlying pricing of life-contingent pension annuities and life insurance from a unique financial perspective. Gareth Walters. Full Popular - by Alistair Milne. Sternberg PhD. Gordon Full Best - by Robert J. Held Jr. Zorina Khan. Keith Bryant. Roy Vagelos. Daniel Hammond. Author : Moshe A. This 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. The article examines the implications for the pricing of longevity insurance and life annuities of a plateauing in the instantaneous force of mortality IFM at advanced ages. Given the increasing … Expand.
Abstract This paper explores the financial properties of a concept product called an advanced-life delayed annuity ALDA. The Journal of Wealth Management. The authors label … Expand. Journal of Financial and Quantitative Analysis. Population-wide increase in life expectancy is a source of aggregate risk. Longevity-linked securities are a natural instrument to reallocate that risk. This paper extends the standard … Expand. Highly Influenced.
View 3 excerpts, cites background and methods. Generalized unexpected raise in life expectancy is a source of aggregate risk. Longevity-linked securities are a natural instrument to reallocate these risks by making them tradable in the financial … Expand.
Longevity Risk and Life Annuities. Longevity risk is faced by individuals, corporations, as well as society and their governments. This brief article reviews the various dimensions and aspects of longevity risk as they relate to the … Expand. This paper derives optimal life cycle portfolio asset allocations as well as annuity purchases trajectories for a consumer who can select her hours of work and also her retirement age. Using a … Expand. View 1 excerpt, cites methods.
View 8 excerpts, cites background and methods. Pensionmetrics 2: stochastic pension plan design during the distribution phase.
We consider the choices available to a defined contribution DC pension plan member at the time of retirement for conversion of his pension fund into a stream of retirement income. In particular, we … Expand. Pensions as Retirement Income Insurance.
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