Life Annuities

Hans U. Gerber ()
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Hans U. Gerber: Université de Lausanne, Ecole des H. E. C.

Chapter Chapter 4 in Life Insurance Mathematics, 1997, pp 35-47 from Springer

Abstract: Abstract A life annuity consists of a series of payments which are made while the beneficiary (of initial age x) lives. Thus a life annuity may be represented as an annuity-certain with a term dependent on the remaining lifetime T. Its present value thus becomes a random variable, which we shall denote by Y.

Keywords: Life Insurance; Recursion Formula; Practical Approximation; Annual Payment; Life Annuity (search for similar items in EconPapers)
Date: 1997
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DOI: 10.1007/978-3-662-03460-6_4

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