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

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

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The book presents and develops the simple actuarial models and underlying costs of annuities annuity and life insurance from a financial point of view only. The suggestions and strategies are then applied to real problems of generating sustainable retirement income by the end of the life cycle of man. Life Income Roll, life insurance, and systematic withdrawal plans are investigated in an economic framework. The underlying technologies and terminology of the book is based on continuous-time financial economics by merging the analytical laws of mortality with the dynamics of the stock marketplace and interest rates. Even so, the book gives no background in mathematics and emphasizes applications and examples much more proofs and theorems. It can be used as a textbook for an applied course on wealth management and retirement planning in addition to becoming a reference for quantitatively inclined financial planners. The Calculus of Retirement Income: Financial Models for Pension Annuities and Life Insurance

\n\nThe Calculus of Retirement Income: Financial Models for Pension Annuities and Life Insurance Ebook

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