Umfang:
1 online resource (168 pages)
ISBN:
9783031009280
Serie:
Future of Business and Finance Ser.
Inhalt:
Intro -- Preface -- Acknowledgements -- Contents -- About the Author -- List of Figures -- List of Tables -- 1 Why Tontines? Why Now? -- 1.1 Retirement vs. Decumulation -- 1.2 Annuity Benefits: Credits vs. Insurance -- 1.3 How Does This Book Differ from All the Other Books? -- 1.4 Outline and Plan -- 1.5 Tontine Literature: What (and Who) Else to Read -- 1.5.1 A. Chen -- 1.5.2 J.M. Bravo -- 1.5.3 C. Donnelly -- 1.5.4 R.K. Fullmer -- 1.5.5 M. Guillen -- 1.5.6 S. Haberman -- 1.5.7 J. Piggott -- 1.5.8 E. Pittacco -- 1.5.9 R. Rogalla -- 1.5.10 T.S. Salisbury -- 1.5.11 M.J. Sabin -- 1.5.12 M. Sherris -- 1.5.13 M.J. Stamos -- 1.5.14 J.H. Weinert -- References -- 2 Financial and Actuarial Background -- 2.1 Setting the Stage -- 2.2 Investment Returns: Notation and Moments -- 2.3 But Why Logarithms? -- 2.4 Gompertz Survival Probabilities -- 2.5 Need-to-Know: Annuity Values -- 2.5.1 Life Only Immediate Annuity -- 2.5.2 Refund at Death IA -- References -- 3 Building a Tontine Simulation in R -- 3.1 On Rates, Yields and Returns -- 3.2 Life & -- Death: Known Parameters -- 3.2.1 Doubly Stochastic Death -- 3.3 Investment Returns -- 3.4 Dividend & -- Fund Values -- 3.4.1 Temporary Life Income Annuities -- 3.4.2 A Perfect Fund Value Over Time -- 3.4.3 Fixed Rules in a Variable World -- 3.4.4 The Natural Tontine Rule -- 3.4.5 The Cumulative Payout -- 3.5 Conclusion and What's Next -- 3.6 Test Yourself -- 4 Statistical Risk Management -- 4.1 Stable Tontine Dividends: Defined -- 4.2 Riskier Portfolios and Wider Bands -- 4.3 What's Worse: Mortality or Markets? -- 4.4 Excess Life -- 4.5 Conclusion and What's Next -- 4.6 Test Yourself -- 5 Death Benefits, Refunds and Covenants -- 5.1 Set Your Seed -- 5.2 Can You Get Your Money Back? -- 5.3 Modern Tontine v2.0 -- 5.4 The Intuition of Refunds -- 5.5 The Tontine Dashboard -- 5.6 Lapses, Surrenders and Other Regrets.
Anmerkung:
Description based on publisher supplied metadata and other sources
Weitere Ausg.:
ISBN 9783031009273
Weitere Ausg.:
Erscheint auch als Druck-Ausgabe ISBN 9783031009273
Sprache:
Englisch
