EAN: 9783031238482

SPRINGERBRIEFS IN STATISTICS SELECTED PAYOUT ...

This book discusses the payout phase of the old-age pension saving scheme  the so-called
effective premium  and offers detailed actuarial models and analyses of five old-age pension
saving products used in practice. These include the basic permanent monthly annuity  without
any benefits for survivors  as well as products which  in addition  also include benefits for
survivors or authorized persons in the event of the pensioner's death. The purpose of the book
is to point out the method of determining future old-age pensions from old-age pension savings
and to present the advantages and disadvantages of such a pension. The book also emphasizes the
role of the profitability testing of the products and answers questions concerning the
effectiveness of old-age pension savings and insurance. The book is primarily intended for
students of actuarial and financial mathematics and future economists.

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