rates. This book narrates the genesis of longevity risk pooling and the first successfully funded annuity scheme in history …PART ONE: A BLESSED OLD AGE -- Chapter 1: DO YOU BELIEVE IN PENSIONS? -- Chapter 2: LONGEVITY RISK AND RELIGION … -- Chapter 5: A PRESBYTERIAN SCHEME FOR MINISTERS -- Chapter 6: ALEXANDER WEBSTER AND THE ARCHIVES -- Chapter 7: ANNUITY …

. Instead, they select two age parameters: the Payout Age and the Life-annuity Age. This paper discusses the actuarial analysis …

This paper proposes an innovative retirement product with a focus on longevity risk sharing, a contract we refer to as … tail index-linked annuity (TILA). Specifically, the proposed TILA pays out variable annual payments, which will be equal to … of longevity risk), and a reduced, index-dependent payment when the threshold is passed (i.e., highly unfavorable …