Mortality improvements, uncertainty in future mortality trends and the relevant impact on life
annuities and pension plans constitute important topics in the field of actuarial mathematics …

The relative merits of different parametric models for making life expectancy and annuity
value predictions at both pensioner and adult ages are investigated. This study builds on …

Most of the western world has seen a steady increase in the average lifetime of its
inhabitants over the past century. Although the past trends suggest that further changes in …

We analyze the importance of longevity risk for the solvency of portfolios of pension
annuities. We distinguish two types of mortality risk. Micro-longevity risk quantifies the risk …

Mortality improvements pose a challenge for the planning of public retirement systems as
well as for the private life annuities business. For public policy, as well as for the …

The continuous growth in life expectancy, besides to the difficult economic and financial
situation of the public pension system in Spain, makes reverse mortgages an attractive …

This paper extends the well-known Lee–Carter model used for forecasting mortality rates by
utilizing a new class of time series models, known as Generalized Autoregressive Score …

A várható élettartam folyamatos növekedése valószínűleg egyike a XX. század legnagyobb
vívmányainak, ami azonban jelentősen hozzájárult a fejlett országok népességeinek …

This paper discusses the choice of an appropriate longevity index to track the improvements
in mortality in industrialized countries. Period life expectancies computed from national life …

We consider defined benefit pension plans that, at retirement age, allow the participant to
choose between a single life annuity and a joint and survivor annuity. We compare two …