The Calculus of Retirement Income: Financial Models for Pension Annuities and Life Insurance
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 mathematics and emphasizes applications and examples more than proofs and theorems.It can serve as an ideal textbook for an applied course on wealth management and retirement planning in addition to being a reference for quantitatively-inclined financial planners.
How to download book
Buy this book
You can buy this book now only for $37.49. This is the lowest price for this book.
Download book free
If you want to download this book for free, please register, approve your account and get one book for free.
After that you may download book «The Calculus of Retirement Income: Financial Models for Pension Annuities and Life Insurance»: