B
bittu
Member
..in theory, the insurance company could invest the lump sum in fixed interest securities at the start of the contract, choosing a spread of redemption dates such that the redemption amounts being paid each year are exactly equal to the amount by which the fund needs to be disinvested in that year.
This was the line written in Book Chapter 3 under Investment risk of Annuities
Can anyone help with it
This was the line written in Book Chapter 3 under Investment risk of Annuities
Can anyone help with it