tailieunhanh - Lecture Rick management and insurance (11th edition): Chapter 14 - George Rejda

Chapter 14 - Annuities and individual retirement accounts. This chapter is divided into two parts. The first part discusses the basic characteristics of individual annuities. Concepts to stress are the annuity principle and the different types of annuities. For ease of understanding, the text classifies annuities into three categories: fixed annuity, variable annuity, and equity-indexed annuity.