Download or read book King William s Tontine written by Moshe A. Milevsky and published by Cambridge University Press. This book was released on 2015-04-13 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book reviews the finance, economics, and history of tontines, and argues that they should be resurrected in the twenty-first century.
Download or read book The Insurance Guide and Handbook on Fire Life Marine Tontine and Casualty Insurance written by Cornelius Walford and published by . This book was released on 1868 with total page 594 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economic Theory of Annuities written by Eytan Sheshinski and published by Princeton University Press. This book was released on 2021-05-11 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annuities are financial products that guarantee the holder a fixed return so long as the holder remains alive, thereby providing insurance against lifetime uncertainty. The terms of these contracts depend on the information available to insurance firms. Unlike age and gender, information about individual survival probabilities cannot be readily ascertained. This asymmetric information causes market inefficiencies, such as adverse selection. Groundbreaking in its scope, The Economic Theory of Annuities offers readers a theoretical analysis of the functioning of private annuity markets. Starting with a general analysis of survival functions, stochastic dominance, and characterization of changes in longevity, Eytan Sheshinski derives the demand for annuities using a model of individuals who jointly choose their lifetime consumption and retirement age. The relation between life insurance and annuities that have a bequest option is examined and "annuity options" are proposed as a response to the lack of secondary markets. This book also investigates the macroeconomic policy implications of annuities and changes in longevity on aggregate savings. Sheshinski utilizes statistical population theory to shed light on the debate of whether the surge in savings and growth in Asia and other countries can be attributed to higher longevity of the population and whether this surge is durable. This book shows how understanding annuities becomes essential as governments that grapple with insolvency of public social security systems place greater emphasis on individual savings accounts.
Download or read book The Tontine written by Robert M. Jennings and published by Richard d Irwin. This book was released on 1982 with total page 91 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Tontines A Practitioner s Guide to Mortality Pooled Investments written by Richard K. Fullmer and published by CFA Institute Research Foundation. This book was released on 2019-07-10 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tontines and similar mortality-pooled investment arrangements offer a useful and unique value proposition to the global retirement challenge.
Download or read book Tontines calculated and their Principles and Consequences explained and exemplified in the Yorkshire Tontine with hints for one on an improved plan To which are added strictures on monthly clubs associated for the relief of sick and infirm members written by and published by . This book was released on 1791 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Three Systems of Life Insurance Embracing I The Level Premium System II The Natural Premium System III The Assessment System written by Mervin Tabor and published by . This book was released on 1900 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Treatise on the Law of Insurance of Every Kind written by Joseph Asbury Joyce and published by . This book was released on 1918 with total page 2156 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Summary of the Standing of All Companies Transacting the Business of Insurance Authorized to Do Business in Ohio varies Slightly written by Ohio. Department of Insurance and published by . This book was released on 1886 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book King William s Tontine written by Moshe A. Milevsky and published by Cambridge University Press. This book was released on 2015-04-13 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a time before bonds, treasury notes, or central banks, there were tontines. These were schemes in which a group of investors lent money to a government, corporation, or king, similar to a modern-day loan syndicate. But unlike conventional debt, periodic interest payments were distributed only to survivors. As tontine nominees died, the income of survivors correspondingly increased. Morbid, perhaps, but this was one of the earliest forms of longevity insurance in which the pool shared the risk. Moshe A. Milevsky tells the story of the first tontine issued by the English government in 1693, known as King William's tontine, intended to finance the war against French King Louis XIV. He explains how tontines work, the financial and economic thinking behind them, as well as why they fell into disrepute. Milevsky concludes with a provocative argument that suitably modified tontines should be resurrected for twenty-first-century retirement income planning.
Download or read book An Instruction Book for Life Insurance Agents written by N. Willey and published by BoD – Books on Demand. This book was released on 2023-08-14 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reprint of the original, first published in 1874.
Download or read book Social Capital written by Partha Dasgupta and published by World Bank Publications. This book was released on 2000 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains a number of papers presented at a workshop organised by the World Bank in 1997 on the theme of 'Social Capital: Integrating the Economist's and the Sociologist's Perspectives'. The concept of 'social capital' is considered through a number of theoretical and empirical studies which discuss its analytical foundations, as well as institutional and statistical analyses of the concept. It includes the classic 1987 article by the late James Coleman, 'Social Capital in the Creation of Human Capital', which formed the basis for the development of social capital as an organising concept in the social sciences.
Download or read book History of the Colony of New Haven written by Edward Rodolphus Lambert and published by . This book was released on 1838 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lambert provided valuable descriptions of the general history of the area and various towns, detailed specific events, and discussed numerous facets of early American life: religious, political and social. There is a poem, entitled "Old Milford," taken from the Connecticut Gazette, Vol. I, No. 4, 1835, as well as a "History of Milford, Connecticut," written by Lambert in June, 1836 for Historical Collections of Connecticut by John W. Barber. Neither the poem nor the sketch of Milford appears in the printed version.
Download or read book The 7 Most Important Equations for Your Retirement written by Moshe A. Milevsky and published by John Wiley & Sons. This book was released on 2012-05-14 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 800 years of scientific breakthroughs that will help salvage your retirement plans Physics, Chemistry, Astronomy, Biology; every field has its intellectual giants who made breakthrough discoveries that changed the course of history. What about the topic of retirement planning? Is it a science? Or is retirement income planning just a collection of rules-of-thumb, financial products and sales pitches? In The 7 Most Important Equations for Your Retirement...And the Stories Behind Them Moshe Milevsky argues that twenty first century retirement income planning is indeed a science and has its foundations in the work of great sages who made conceptual and controversial breakthroughs over the last eight centuries. In the book Milevsky highlights the work of seven scholars—summarized by seven equations—who shaped all modern retirement calculations. He tells the stories of Leonardo Fibonnaci the Italian businessman; Benjamin Gompertz the gentleman actuary; Edmund Halley the astronomer; Irving Fisher the stock jock; Paul Samuelson the economic guru; Solomon Heubner the insurance and marketing visionary, and Andrey Kolmogorov the Russian mathematical genius—all giants in their respective fields who collectively laid the foundations for modern retirement income planning. With baby boomers starting to hit retirement age, planning for retirement income has become a hot topic across the country Author Moshe Milevsky is an internationally-respected financial expert with the knowledge you need to assess whether you are ready to retire or not Presents an entertaining, informative narrative approach to financial planning Understanding the ideas behind these seven foundation equations—which Moshe Milevsky explains in a manner that everyone can appreciate—will help baby boomers better prepare for retirement. This is a book unlike anything you have ever read on retirement planning. Think Suze Orman meets Stephen Hawking. If you ever wondered what the point of all that high school mathematics was, Moshe Milevsky's answer is: So that you can figure out how to retire...while you can still enjoy your money.
Download or read book The Origins and Development of Financial Markets and Institutions written by Jeremy Atack and published by Cambridge University Press. This book was released on 2009-03-16 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: Collectively, mankind has never had it so good despite periodic economic crises of which the current sub-prime crisis is merely the latest example. Much of this success is attributable to the increasing efficiency of the world's financial institutions as finance has proved to be one of the most important causal factors in economic performance. In a series of insightful essays, financial and economic historians examine how financial innovations from the seventeenth century to the present have continually challenged established institutional arrangements, forcing change and adaptation by governments, financial intermediaries, and financial markets. Where these have been successful, wealth creation and growth have followed. When they failed, growth slowed and sometimes economic decline has followed. These essays illustrate the difficulties of co-ordinating financial innovations in order to sustain their benefits for the wider economy, a theme that will be of interest to policy makers as well as economic historians.
Download or read book The Bankers Insurance Managers Agents Magazine written by and published by . This book was released on 1897 with total page 1038 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Pension Economics written by David Blake and published by John Wiley & Sons. This book was released on 2006-11-02 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: While not attempting to train readers as professional economists, this book aims to provide a secure grounding in the theory and practice of economics insofar as it deals with pension matters. From reading this book, the user will understand: * The key types of pension scheme * The role of pensions in maximizing individual lifetime welfare * The role of pensions in individual savings and retirement decisions * The role and consequences of the pension plan from the company's viewpoint * The role of pensions in promoting aggregate savings * The role of pensions and retirement in overlapping generations models * The economics of ageing and intergenerational accounting * The social welfare implications of pensions * The lessons of behavioural economics for pensions
