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The Role of Annuity Markets in Financing Retirement by Jeffrey R. Brown,

The Role of Annuity Markets in Financing Retirement by Jeffrey R. Brown,
Dramatic advances in life expectancy mean that today's retirees must plan on living into their eighties, their nineties, and even beyond. Longer life expectancies are the symbol of a prosperous society, but this progress also means that some retirees will need to plan conservatively and cut back substantially on their living standards or risk living so long that they exhaust their resources. This book examines the role that life annuities can play in helping people protect themselves against such outcomes.A life annuity is an insurance product that pays out a periodic amount for as long as the annuitant is alive, in exchange for a premium. The book begins with a history of life annuity markets during the twentieth century in the United States and elsewhere. It then explores recent trends in annuity pricing and money's worth, as well as the economic value generated for purchasers of these products. The book explains the potential importance of inflation-protected annuities and stock-market-linked variable annuities in providing more complete retirement security. The concluding chapters examine life annuities in various institutional settings and the tax treatment of annuity products.



Schaum's Outline of Theory and Problems of Mathematics of Finance by Petr Zima,
Schaum's Outline of Theory and Problems of Mathematics of Finance by Petr Zima,
Ace all of your business-related math courses with the help of this best-selling business reference--now revised and completely up to date! This example-filled reference provides you with the perfect course guide to be used as a supplement to standard textbooks or as a stand-alone study aid. Armed with the book and your electronic calculator, you'll be on your way to improved comprehension and top grades! Now updated to reflect the changing environment of business finance, the book includes new material on life insurance, life annuities and more. Master effective problem-solving techniques using your calculator with the help of a huge number of solved and supplementary problems--1224 in all. The book's coverage of a wide variety of practical applications using actual business and financial transactions gives you a feel for how its done in the real world. Each chapter presents principles and formulas, together with solved problems relevant to each subtopic, followed by a set of supplementary problems with answers. In addition, you'll find review problems at the end of the book for additional study or self-testing. Chapter topics include: Exponents and logarithms; Progressions; Simple interest and discount; Compound interest and discount; Simple annuities; General and other annuities; Amortization and sinking funds; Bonds: Capital Budgeting and depreciation; Contingent payments; Life annuities and life insurance.



Great-West Life Assurance - The Great-West Life Assurance Company (known more commonly Great-West Life) is a life and health insurance company. Its headquarters is located in Winnipeg, Manitoba, Canada and its CEO is Raymond L.

Great-West Lifeco Inc. - The Great-West Life Assurance Company (known more commonly as Great-West Life) is a life and health insurance company. Its headquarters is located in Winnipeg, Manitoba, Canada and its CEO is Raymond L.

Canada Life Financial Corporation - Canada Life Financial Coporation is a Canadian company that offers life, health, and disability insurance for groups and individuals. In 2003 it was acquired by The Great-West Life Assurance Company, after rejecting a hostile takeover bid by rival Manulife.

China Life Insurance Company Limited - The China Life Insurance Company Limited is a Beijing-based China-incorporated company that provides life insurance and annuity products. It became a public-listed company on December 18, 2003, with a market capitalization of USD$5,756 million as of August 31, 2005.



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