The book introduces and develops the basic actuarial models and underlying pricing of life-contingent pension annuities and life insurance from a unique financial perspective The ideas and techniques are then applied to the real-world problem of generating sustainable retirement income towards the end of the human life-cycle The role of lifetime ожкяб income, longevity insurance, and systematic withdrawal plans are investigated in a parsimonious framework The underlying technology and terminology of the book are based on continuous-time financial economics by merging analytic laws of mortality with the dynamics of equity markets and interest rates Nonetheless, the book requires a minimal background in mathematics and emphasizes applications and examples more than proofs and theorems It can serve as an ideal textbook for an applied course on wealth management and retirement planning in addition to being a reference for quantitatively-inclined financial planners.  В этой книге2006 г Твердый переплет, 352 стр ISBN 0521842581.