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Books > Business & Money > 1934667560
  1. Life Annuities: An Optimal Product for Retirement Income
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  2. Life Annuities: An Optimal Product for Retirement Income

    Delivery: 10-20 Working Days
    Customer Ratings (18 reviews)
    Price R325.00

Additional Information

This book provides a summary of research on life annuities, longevity insurance, and their role in the “optimal” retirement portfolio. It starts with an overview of institutional aspects, moves on to discuss valuation issues, and concludes with a comprehensive review of the scholarly literature.

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Moshe A. Milevsky
Research Foundation of CFA Institute
Research Foundation of CFA Institute
Research Foundation of CFA Institute
Research Foundation of CFA Institute
Most Helpful Customer Reviews

The book was quite helpful. I found it to be a somewhat scholarly treatise on life annuities, but well written, full of information for the professional and non-professional, and not so dense I couldn't get through it. Milevsky includes some mathematics, but without the copious data he has access to from insurance companies he works with, several of the later equations are academic and could probably be glossed over without losing too much. I liked the scholarly tone of this book; Milevsky knows whereof he speaks and isn't merely a salesman parroting an insurance company pitch. After reading this, I have more confidence that I can evaluate life annuities for myself.

And the price is free from Amazon for the Kindle edition. This could not be a better deal.
Moshe's new book does a great job of describing life annuity products. Though there are strategies not defined in the book, it is one of the most thorough content of this subject matter
The author explains annuities in a non-technical manner that can be understood by anyone. He explains the advantages and disadvantages and history of annuities. He uses sample annuity quotes to demonstrate how much monthly benefit can typically be purchased from a financially strong insurer. A must-read for anyone doing retirement planning, either before or after they have retired. I am using this as a reference book for a course I will teach this winter.
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