||1 of 1 people found the following review helpful.| Recommended.|By Daniel C|Well written, rigorous enough yet quite practical. Complete with worked-out examples. Covers a breadth of topics, including bond math, annuities and survival modeling. Recommended.|1 of 1 people found the following review helpful.| wanna-be actuary planning his own retirement savings payout|By Ed Speartooth |"This very readable book is a landmark in the area of life insurance, pensions and long risk analysis. Integrating actuarial and financial approaches, the book provides an approach which is both theoretically elegant and practical in applications. It is highl
This 2006 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 underly...
[PDF.xn68] The Calculus of Retirement Income: Financial Models for Pension Annuities and Life Insurance Rating: 3.81 (709 Votes)
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