Fong Joelle H.; Jean, Lemaire; Tse Yiu K. - In: Asia-Pacific Journal of Risk and Insurance 8 (2014) 1, pp. 1-26
This paper contributes to a better understanding of the risks involved in a life annuity investment. We study the full distribution of weighted annuity benefits and quantify risk measures such as dispersion and skewness, thereby extending the usefulness of the popular money’s worth valuation...