Jim Daniel's LTAM Seminar Excerpts

Discrete annuities on single lives

Discrete annuities on single lives describes the analysis of discrete annuity benefits---that is, annuity benefits payable annually. It contains about 18.5 pages of text. Here is the table of contents:

  • 1.1 Review: present-value-of-benefits random variables, Triple Product Summation
    • 1.1.1 What's coming next?
    • 1.1.2 Percentiles of discrete-type random variables
  • 1.2 Level whole-life annuities-due on (x)
    • 1.2.1 The pvoBrv, EPV, and variance
    • 1.2.2 Probabilities and percentiles
  • 1.3 Level n-year-deferred whole-life annuities-due on (x)
    • 1.3.1 The pvoBrv, EPV, and variance
    • 1.3.2 Probabilities and percentiles
  • 1.4 Level n-year-temporary annuities-due on (x)
    • 1.4.1 The pvoBrv, EPV, and variance
    • 1.4.2 Probabilities and percentiles
    • 1.4.3 Decomposition and recursion
  • 1.5 Level n-year-certain-and-life annuities-due
  • 1.6 Annuities-immediate
    • 1.6.1 Level whole-life annuities-immediate on (x)
    • 1.6.2 Level n-year-temporary annuities-immediate on (x)

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